By Colin Kellaher

Shares of Hill-Rom Holdings Inc. rose more than 10% on Monday amid reports the medical-equipment maker is near a deal to be acquired by Baxter International Inc. for around $10 billion.

The Wall Street Journal, citing people familiar with the matter, on Sunday reported that a deal valuing Chicago-based Hill-Rom at about $150 a share could be reached by midweek.

Hill-Rom shares jumped last month amid reports it had rebuffed a bid of $144 a share from Deerfield, Ill.-based Baxter.

Hill-Rom shares were recently up 10.5%, to $146.90, after hitting a 52-week high of $147.67 early in the session.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

August 30, 2021 10:18 ET (14:18 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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