HI News & Events

Hillenbrand and Lone Star Funds announced that an affiliate of Lone Star has completed the previously announced acquisition of Hillenbrand in an all-cash transaction with a total enterprise value of approximately $3.8B. With the completion of the acquisition, Hillenbrand's common stock has ceased trading and will be delisted from the New York Stock Exchange. The company will continue to operate under the Hillenbrand name.

Lone Star Funds is acquiring Hillenbrand in a deal expected to be completed soon, pending final closing conditions.

Hillenbrand announced that its shareholders voted at the special meeting of shareholders to approve the proposed acquisition of Hillenbrand by an affiliate of Lone Star Funds. Subject to the satisfaction or waiver of the remaining conditions to closing, the transaction is expected to close by the end of the first quarter of calendar year 2026. Under the terms of the definitive agreement with Lone Star, upon completion of the transaction, Hillenbrand shareholders will be entitled to receive $32.00 in cash, without interest and subject to any applicable withholding taxes, for each share of Hillenbrand common stock they owned immediately before the completion of the transaction.