Baxter shares are trading lower after the company announced a definitive agreement to divest its Vantive Kidney Care segment to Carlyle for $3.8 billion. The stock initially gained following the announcement but has since reversed.
Portfolio Pulse from Benzinga Newsdesk
Baxter shares are trading lower after announcing a definitive agreement to divest its Vantive Kidney Care segment to Carlyle for $3.8 billion. The stock initially gained but has since reversed.
August 13, 2024 | 1:42 pm
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Baxter shares are trading lower after the company announced a definitive agreement to divest its Vantive Kidney Care segment to Carlyle for $3.8 billion. The stock initially gained following the announcement but has since reversed.
The initial positive reaction to the divestiture announcement suggests that investors saw potential value in the deal. However, the subsequent reversal indicates concerns or uncertainties about the impact of the divestiture on Baxter's overall business. This has led to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100