Hillenbrand shareholders approve acquisition by Lone Star

Hillenbrand (HI) 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.