Shares of Akorn (AKRX) are higher after Spanish media group Intereconomia claimed that Baxter (BAX) is in advanced talks to buy the company. Baxter’s offer is said to be for around $1.3B, according to Intereconomia, which has reported on deals in the past that have not come to fruition. Following the collapse of Akorn’s agreement to be acquired by Fresenius SE (FSNUY) at eight times its current share price, the company is in an “intriguing position,” Zak Mir of Vox Markets wrote in a blog post yesterday, as The Fly reported at the time. Mir wrote yesterday: “Even if present rumours do not materialise, $4 plus could be a sign that the stock is ready to shake off the horrors of last year. A new CEO may also be more receptive to doing a deal with a third party than their predecessor.” Shares of Akorn are up 27c, or 7.3%, to $3.98 in afternoon trading following the Intereconomia report.