Report: Hill-Rom in talks to be bought out

Reports indicate Hill-Rom Holdings is in talks to potentially be acquired by another medical-equipment maker.

Hill-Rom has reportedly rejected a $9.6 billion takeover offer from Illinois-based Baxter International. People familiar with the matter say considerations are still ongoing and Baxter could make a higher offer, according to Bloomberg.

Hill-Rom stock jumped 15% Wednesday after the takeover bid was unveiled.