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5h ago

Lone Star to Acquire Hillenbrand for $32 a Share in $2.3 Billion All-Cash Deal

Board approval after a strategic review sets up required clearances before a targeted close in early 2026.

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Overview

  • The offer values the company at about $3.8 billion including roughly $1.5 billion of debt, with closing targeted by the end of the first quarter of 2026 pending customary approvals.
  • Hillenbrand shares jumped about 18–19% in early trading, recently around $31.41 to $31.44 after the announcement.
  • The $32-per-share price represents roughly a 30% premium to the prior Friday close, according to the companies.
  • Upon completion, Hillenbrand will be taken private and its stock will be delisted from the New York Stock Exchange.
  • Evercore advises Hillenbrand, while Jefferies and UBS Investment Bank advise Lone Star, and the company still plans to report Q4 and full-year 2025 results on Nov. 19 without a webcast or FY2026 guidance.