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Highland Copper Signs Definitive Agreement for Sale of 34% Interest in White Pine for US$30 Million
Globenewswire· 2026-01-13 22:15
Core Viewpoint - Highland Copper Company has signed a definitive Membership Interest Purchase Agreement with Kinterra Copper USA LLC for the sale of its 34% interest in the White Pine North Project for approximately US$30 million [1][2]. Group 1: Transaction Details - The total consideration for the transaction includes US$18.3 million in cash, after accounting for approximately US$11.7 million in outstanding principal and accrued interest on a loan from Kinterra to Highland's subsidiary [2]. - Cash calls under the White Pine joint operating agreement will be suspended, meaning the Company will not be obligated to make cash calls through closing [2]. - The transaction is expected to close in January 2026, with a deadline of February 27, 2026, subject to customary closing conditions and approvals [4]. Group 2: Use of Proceeds - Proceeds from the sale will be utilized to fund corporate activities and the Copperwood Project, eliminate existing debt, and streamline the corporate structure [3]. Group 3: Company Overview - Highland Copper Company is focused on exploring and developing copper projects in Michigan, owning the Copperwood deposit and a 34% interest in the White Pine North project through a joint venture with Kinterra [6]. - The Company has 738,188,122 common shares outstanding, listed on the TSX Venture Exchange under the symbol "HI" and on the OTCQB under "HDRSF" [6].
People Moves: Hightower Hires Compliance Head from Edelman
Yahoo Finance· 2026-01-12 19:38
Group 1: Hightower Advisors - Hightower Advisors has appointed Bob Lavigne as the chief compliance officer for Hightower Holdings, overseeing compliance, regulatory strategy, and risk governance [2][3] - Lavigne previously served as vice president and chief compliance officer at Edelman Financial Engines, which manages over $308 billion in client assets [4] - Hightower CEO Larry Restieri emphasized Lavigne's experience in navigating regulatory environments as crucial for the firm's growth and modernization of its compliance program [5] Group 2: LPL Financial - LPL Financial has hired Ilan Davidovici as executive vice president of corporate strategy in a newly created role aimed at identifying growth opportunities [5][6] - Davidovici previously worked at Edward Jones, where he managed client and branch experience for over six years, and has held leadership positions at Salesforce and Deloitte [7]
Lone Star Fund XII 有限合伙收购希伦布兰德公司股权案无条件批准
Jin Rong Jie· 2026-01-12 04:49
Group 1 - The core point of the article is that 16 merger cases have been unconditionally approved by the State Administration for Market Regulation during the period from December 29, 2025, to January 4, 2026 [1] - LoneStarFundXII Limited Partnership's acquisition of shares in Hillebrand Group has received unconditional approval, with the case being concluded on December 30, 2025 [1] - The involved parties in this merger include LSFundXII and Hillebrand [1]
LSF12 Helix Parent, LLC Announces Change of Control Offers for Hillenbrand, Inc.'s Senior Notes
Prnewswire· 2026-01-09 12:30
Core Viewpoint - LSF12 Helix Parent, LLC, an affiliate of Lone Star Funds, has initiated Change of Control Offers to purchase all 6.2500% Senior Notes due 2029 and 3.7500% Senior Notes due 2031 of Hillenbrand, Inc. at a repurchase price of 101% of the principal amount plus accrued interest [1][2]. Group 1: Change of Control Offers - The Change of Control Offers are linked to a previously announced Merger Agreement, where Merger Sub will merge with Hillenbrand, making it a wholly owned subsidiary of Parent [2]. - The consummation of the Merger will trigger a Change of Control under the indentures governing the Notes, requiring the Change of Control Offers [2]. - The Offers will expire at 5:00 p.m. New York City time on February 9, 2026, or one business day prior to the Merger consummation, whichever is later [4]. Group 2: Purchase Price and Payment - The Purchase Price will be paid only to holders who validly tender their Notes before the Expiration Date [5]. - Payment will be made through U.S. Bank Trust Company, which will act as the Depositary for the transaction [6]. Group 3: Financial Performance and Metrics - Hillenbrand reported a Consolidated EBITDA of $230.6 million for 2025, up from $142.3 million in 2024 [17]. - Adjusted EBITDA for 2025 was $382.2 million, compared to $454.9 million in 2024 [17]. - Pro Forma Adjusted EBITDA for 2025 is projected at $442.6 million, indicating a slight decrease from $454.9 million in 2024 [17]. Group 4: Operational and Commercial Initiatives - The Company aims to achieve $218 to $332 million of Consolidated EBITDA uplift over five years through operational initiatives, with a conservative estimate of $158 million [33]. - Commercial initiatives are expected to generate an additional $47 to $85 million of Consolidated EBITDA uplift, with a conservative estimate of $39 million [35]. - Key operational strategies include procurement optimization, factory productivity improvements, and SG&A cost reductions [32][33].
Hillenbrand Shareholders Approve Acquisition by Lone Star
Prnewswire· 2026-01-08 21:05
Core Viewpoint - Hillenbrand, Inc. has received shareholder approval for its acquisition by an affiliate of Lone Star Funds, with approximately 99% of votes cast in favor of the transaction [1][2]. Group 1: Acquisition Details - The acquisition is expected to close by the end of the first quarter of 2026, pending the satisfaction or waiver of remaining conditions [3]. - Hillenbrand shareholders will receive $32.00 in cash for each share of common stock they own upon completion of the transaction [3]. Group 2: Company Overview - Hillenbrand is a global industrial company that provides highly-engineered processing equipment and solutions, serving markets such as durable plastics, food, and recycling [4]. - The company emphasizes excellence, collaboration, and innovation in its operations, guided by its purpose to shape solutions for the future [4].
Hillenbrand (NYSE:HI) 2026 Extraordinary General Meeting Transcript
2026-01-08 16:02
Summary of Hillenbrand's Extraordinary General Meeting Company Overview - **Company**: Hillenbrand Incorporated (NYSE: HI) - **Event**: 2026 Extraordinary General Meeting - **Date**: January 8, 2026 Key Points Acquisition Proposal - The primary agenda item was the proposed acquisition of Hillenbrand by an affiliate of Lone Star Funds, referred to as the merger agreement proposal [9][10] - The Board of Directors recommended that shareholders vote in favor of the merger agreement proposal [9] Compensation Proposal - A second agenda item was the advisory proposal regarding compensation for Hillenbrand's named executive officers related to the merger agreement [10] - The Board of Directors also recommended that shareholders vote in favor of this compensation proposal [10] Adjournment Proposal - The third item was a proposal to approve any necessary adjournment of the meeting to solicit additional proxies if needed [10] - The Board of Directors recommended that shareholders vote in favor of the adjournment proposal [10] Voting and Attendance - As of the record date (November 28, 2025), there were 70,508,655 shares of Hillenbrand Common Stock outstanding [6] - A quorum was established with 58,927,708 shares (83.57%) present, allowing the meeting to proceed [6] - Shareholders were able to vote during the meeting via the special meeting website [7][12] Voting Results - Preliminary results indicated that all three proposals (Merger Agreement, Compensation, and Adjournment) were approved [13] - Final voting results will be reported in a current report on Form 8-K to be filed with the SEC [13] Forward-Looking Statements - Any statements made during the meeting regarding expectations and plans are forward-looking and subject to risks and uncertainties [3] - Important factors that could cause actual results to differ are detailed in Hillenbrand's annual report on Form 10-K for the fiscal year ended September 30, 2025 [3] Shareholder Engagement - Shareholders were encouraged to submit questions relevant to the business of the meeting, with a limit of one question per shareholder [2][11] - No questions were raised during the meeting [11] Additional Notes - The meeting was conducted in accordance with the agenda and rules of conduct, with all necessary introductions made [4][5] - The meeting concluded with appreciation expressed to shareholders for their participation [14]
Newsweek Names Hillenbrand to America's Most Responsible Companies 2026 List
Prnewswire· 2025-12-04 21:00
Core Viewpoint - Hillenbrand, Inc. has been recognized by Newsweek as one of America's Most Responsible Companies for the second consecutive year, highlighting its commitment to governance and sustainability practices [1][5]. Group 1: Recognition and Awards - Hillenbrand has been named one of America's Most Responsible Companies in 2026, marking the second year in a row for this recognition [1][5]. - The selection process for the award involved assessing companies across 14 industries based on over 30 key performance indicators, including energy usage and safety performance [2]. Group 2: Company Commitment - Kim Ryan, President and CEO of Hillenbrand, emphasized that this recognition reflects the dedication of the company's associates and their commitment to sustainable and responsible business practices [3]. - The company aims to make a meaningful difference through its initiatives, which positively impact stakeholders [3]. Group 3: Company Overview - Hillenbrand is a global industrial company providing highly-engineered processing equipment and solutions to customers in over 100 countries [4]. - The company's portfolio includes leading industrial brands serving large markets such as durable plastics, food, and recycling [4].
Hillenbrand declares $0.2275 dividend (NYSE:HI)
Seeking Alpha· 2025-12-04 04:23
Group 1 - The article does not provide any relevant content regarding company or industry insights [1]
Hillenbrand Declares First Quarter Dividend of $0.2275 Per Share
Prnewswire· 2025-12-03 22:30
Core Viewpoint - Hillenbrand, Inc. has declared a quarterly cash dividend of $0.2275 per share, payable on December 31, 2025, to shareholders of record as of December 16, 2025 [1] Company Overview - Hillenbrand, Inc. is a global industrial company providing highly-engineered, mission-critical processing equipment and solutions to customers in over 100 countries [1] - The company's portfolio includes leading industrial brands that serve large end markets such as durable plastics, food, and recycling [1] - Hillenbrand is guided by its purpose to "Shape What Matters For Tomorrow," focusing on excellence, collaboration, and innovation [1]
Highland Copper Signs Binding Offer from Kinterra to Sell 34% Interest in White Pine North for US$30 Million
Globenewswire· 2025-11-25 12:30
Core Viewpoint - Highland Copper Company has signed a binding offer for the sale of its 34% interest in the White Pine North Project for approximately US$30 million, marking a significant step in optimizing its corporate strategy and financial position [1][2]. Financial Implications - The total consideration for the sale includes US$18.3 million in cash, net of outstanding principal and accrued interest on a loan from Kinterra, which is expected to be around US$11.7 million at closing [3]. - The proceeds from the sale will be used to fund corporate activities and the Copperwood Project, eliminate existing debt, and streamline the corporate structure [2][8]. Strategic Benefits - The divestiture is expected to provide immediate, non-dilutive funding, allowing the company to focus on advancing its flagship Copperwood Project towards a construction decision [4][8]. - The transaction will enhance the company's balance sheet by eliminating existing debt, improving financial flexibility, and reducing future interest obligations [8]. - The sale simplifies the corporate structure, enabling management to concentrate on the Copperwood Project [8]. Transaction Details - The parties aim to complete the transaction by the end of the year, subject to negotiation of definitive agreements, customary closing conditions, and regulatory approvals [4]. - Moelis & Company LLC acted as the exclusive financial advisor, while McMillan LLP served as the legal advisor for the transaction [5].