Brief: Hillenbrand Announces Binding Offer To Acquire Linxis Group

Hillenbrand

20/07/2022 11:08

July 20 (Reuters) - Hillenbrand Inc  HI.N :
    * HILLENBRAND ANNOUNCES BINDING OFFER TO ACQUIRE LINXIS
GROUP, A
GLOBAL LEADER IN PROCESS EQUIPMENT AND AUTOMATION SOLUTIONS FOR
THE FOOD INDUSTRY
    * HILLENBRAND INC - DEAL EXPECTED TO BE ACCRETIVE TO
ADJUSTED EPS
WITHIN FIRST FULL YEAR
    * HILLENBRAND INC - DEAL FOR FOR AN ENTERPRISE VALUE OF
APPROXIMATELY EUR 572 MILLION
    * HILLENBRAND - EXPECTS TO USE COMMITTED DEBT FINANCING,
CASH ON
HAND, AND CASH AVAILABLE UNDER ITS REVOLVING CREDIT FACILITY TO
FUND THIS ACQUISITION
    * HILLENBRAND INC - LINXIS GROUP EXPECTS CALENDAR YEAR 2022
REVENUE OF APPROXIMATELY EUR 300 MILLION WITH MID-TEEN EBITDA
MARGINS
    * HILLENBRAND INC - UPON COMPLETION, LINXIS GROUP WILL JOIN
ITS
COPERION AND ROTEX BRANDS AS PART OF HILLENBRAND'S ADVANCED
PROCESS SOLUTIONS SEGMENT

Source text for Eikon:  ID:nPn4Hylgka 
Further company coverage:  HI.N 

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