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Tuesday, December 4, 2012

Baxter to purchase Sweden's Gambro for about $4 bln, (NYSE: BAX)

Baxter International Inc said it agreed to purchase privately held Swedish dialysis product company Gambro AB for about $4 billion to boost its renal therapies portfolio. The deal, which is expected to close in the first half of 2013, will be financed through a combination of cash generated from overseas operations and debt.

Baxter International Inc. (Baxter) is a global, diversified healthcare company. Shares of BAX remained unchanged at $65.80. In the past year, the shares have traded as low as $47.55 and as high as $68.91. On average, 3111020 shares of BAX exchange hands on a given day and today's volume is recorded at 0.



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