Hillenbrand Stock Surges 18% on $3.8 Billion Lone Star Funds Buyout
Hillenbrand shares skyrocketed 18% on the NYSE after announcing a definitive agreement to be acquired by a Lone Star Funds affiliate for $32 per share in cash. The $3.8 billion deal represents a 37% premium to its August 12 closing price.
Chairperson Helen Cornell emphasized the transaction delivers immediate value at a substantial premium while positioning the company to better serve customers with engineered processing solutions. The industrial firm expects to delist by Q1 2025 upon deal closure.