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Anonymous sources say that Baxter (NYSE:BAX) 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.

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