Reported 14 days ago
Hillenbrand Inc. (NYSE:HI) saw its shares increase by 18.20%, closing at $31.31, after announcing a merger with Lone Star Funds for $3.8 billion. The deal, which includes a cash payment of $32 per share, represents a 20% premium over the previous closing price. The transaction is expected to be finalized in the first quarter of 2026, pending necessary approvals.
Source: YAHOO