Overview
- The offer equates to about a 30% premium to Hillenbrand’s prior Friday close and roughly 37% to Aug. 12, implying an enterprise value near $3.8 billion including about $1.5 billion of debt.
- Hillenbrand’s board unanimously approved a definitive agreement with an affiliate of Lone Star Funds.
- The parties expect to close by the end of the first quarter of 2026, pending shareholder approval and regulatory clearances.
- Hillenbrand shares rose about 18% to 19% after the announcement.
- On completion, the company will be taken private and delisted from the NYSE, and it plans to publish Q4 and full‑year 2025 results on Nov. 19 without a call or fiscal 2026 guidance.