Hillenbrand rises after Lone Star's $3.8 billion buyout deal
15/10/2025 14:28
** Shares of industrial equipment maker Hillenbrand HI.N rise nearly 19% to about $31.5 in premarket trading; Investment firm Lone Star to buy co for an enterprise value of about $3.8 bln ** Co says an affiliate of Lone Star will pay $32 a share, representing a 20.8% upside on stock's last close ** Says the deal is expected to close by the end of Q1 FY26 ** As of last close, shares down nearly 14% YTD (Reporting by Parth Chandna) ((Parth.Chandna@thomsonreuters.com;))
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