Brief: Hillenbrand To Spin-off Batesville Unit
15/12/2022 13:20
Dec 15 (Reuters) - Hillenbrand Inc HI.N :
* HILLENBRAND ANNOUNCES DIVESTITURE OF BATESVILLE CASKET
COMPANY,
ACCELERATING TRANSFORMATION
* HILLENBRAND INC - AGREEMENT TO SELL ITS BATESVILLE
BUSINESS
SEGMENT TO AN AFFILIATE OF PRIVATE EQUITY FIRM, LONGRANGE
CAPITAL, FOR $761.5 MILLION
* HILLENBRAND INC - BEGINNING IN ITS FISCAL 2023 Q1,
HILLENBRAND
EXPECTS TO CLASSIFY BATESVILLE BUSINESS AS "HELD FOR SALE"
* HILLENBRAND INC - UPON COMPLETION, HILLENBRAND AND
BATESVILLE
WILL BOTH REMAIN HEADQUARTERED IN BATESVILLE, INDIANA
* HILLENBRAND INC - NET PROCEEDS FROM SALE ARE EXPECTED TO
BE USED
FOR DEBT REDUCTION
Source text for Eikon: ID:nPn8tM2mHa
Further company coverage: HI.N
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Hillenbrand
See all newsBrief: Lone Star Completes Acquisition Of Hillenbrand
Brief: Hillenbrand Inc - For Three Months Ended Dec 31, Net Revenue Estimated Between $540 Million And $560 Million - SEC Filing
Media: Banks launch $1.8 billion of leveraged loans for Hillenbrand LBO - Bloomberg News
Brief: Lsf12 Helix Parent, Llc Announces Change Of Control Offers For Hillenbrand, Inc.'S Senior Notes
Brief: Hillenbrand- As Of Dec 23, Two Complaints Filed In New York State Court By Purported Shareholders Of Co In Connection With The Merger