Hill-Rom buying Welch Allyn in $2.05B cash-and-stock deal

SHARE Hill-Rom buying Welch Allyn in $2.05B cash-and-stock deal

Hill-Rom Holdings Inc. is buying medical diagnostic equipment maker Welch Allyn in a cash-and-stock deal valued at about $2.05 billion in a move to bolster its competitive position.

The combined company is expected to have $2.6 billion in revenue, with operations in more than 30 countries and about 10,000 employees globally.

Welch Allyn Inc. stockholders will receive approximately $1.63 billion in cash and about 8.1 million newly issued shares of Hill-Rom stock.

Privately held Welch Allyn’s approximately 75 shareholders will own about 13 percent of the combined company.

Hill-Rom President and CEO John Greisch will serve in the same positions for the combined business. Certain members of Welch Ally’s senior management are expected to join the company, which will be based in Chicago.

Welch Allyn is based in Skaneateles Falls, New York.

The deal is targeted to close before September’s end.

Shares of Hill-Rom surged $4.17, or 8 percent, to $56.55 in Wednesday morning trading. The stock touched $57.95 earlier in the session, a multiyear high.

The Latest
La petición en internet del grupo había generado más de 1300 firmas hasta el miércoles.
El video gráfico del accidente muestra a varias personas discutiendo en plena calle cuando un automóvil plateado pasa por la cuadra a alta velocidad.
“No fue un incidente de tirador activo dentro del parque temático”, dijo el portavoz de la policía de Gurnee, Shawn Gaylor.
Today’s update is a 5-minute read that will brief you on the day’s biggest stories.
The 59-year-old retired officer, hit in the arm and abdomen, was taken in good condition to Mount Sinai Medical Center, according to police.