HRC - Why Shares of Hill-Rom Holdings Are Surging This Morning
Shares of medical equipment maker Hill-Rom Holdings (NYSE: HRC) were up more than 10% as of 11:22 a.m. EDT on Monday after reports of a buyout offer from Baxter International (NYSE: BAX) .
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An earlier bid from Baxter was shot down by management. That offer, reported late last month, was for $144 per share. Today's rumors have the offer price climbing to $150 per share. That's still a few percentage points above the current price. The stocks have headed in opposite directions since late July when news first broke of a potential deal.
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Why Shares of Hill-Rom Holdings Are Surging This Morning