Report: Baxter's in the hunt for $4B Gambro buyout | Wall Street Beat

Anonymous sources say that Baxter [1] (NYSE:BAX [2]) is pursuing an acquisition of Swedish medical device company Gambro for $4 billion, according to Reuters and the Wall Street Journal.

Deerfield, Ill.-based Baxter could ink the deal in the next 2 or 3 weeks, Reuters reported.

Gambro's owners, a pair of Scandinavian private equity firms, declined to comment or weren't available, the newswire reported [3].