Shocking Surge: Hillenbrand Stock Soars 19% on $32 Buyout Announcement
Lone Star Buyout Details Hillenbrand (NYSE: HI) announced on Oct. 15 that it will be acquired by Lone Star Funds in an all-cash deal at $32.00 per shareir.hillenbrand.com. At this price, the transaction’s enterprise value is roughly $3.8 billion, including Hillenbrand’s debt. The board said it reviewed multiple strategic options and unanimously determined the offer “is in the best interest of Hillenbrand and its shareholders”ir.hillenbrand.com. Lone Star’s offer represents a 37% premium to Hillenbrand’s pre-deal share price on Aug. 12ir.hillenbrand.com, and 53% above the 90-day average price up to that date. The companies expect the deal to close by the end of