Core Viewpoint - Hillenbrand, Inc. is facing financial challenges, highlighted by a significant earnings miss and a revenue shortfall, but is entering a new growth phase through a substantial acquisition by Lone Star Funds valued at approximately $3.8 billion [1][2]. Financial Performance - The company reported an earnings per share (EPS) of -$0.03, missing the estimated EPS of $0.63 [1]. - Actual revenue was $550.2 million, falling short of the anticipated $607.1 million [1]. Acquisition and Growth Strategy - Hillenbrand has been acquired by Lone Star Funds in an all-cash deal valued at around $3.8 billion, which is expected to enhance its growth and operational capabilities [2]. - Kim Ryan, President and CEO, expressed optimism about utilizing Lone Star's resources to improve customer service and drive growth [2]. Valuation Metrics - The price-to-sales ratio is approximately 0.90, indicating potential undervaluation relative to annual sales [3]. - The enterprise value to sales ratio stands at about 1.49, providing insight into the company's valuation concerning its sales [3]. - Hillenbrand's debt-to-equity ratio is around 1.17, and the current ratio is approximately 1.27, reflecting moderate debt use and reasonable liquidity levels [3].

Core Viewpoint - Lone Star Funds has successfully completed the acquisition of Hillenbrand, Inc. in an all-cash transaction valued at approximately $3.8 billion, marking a significant milestone for both companies [1]. Group 1: Acquisition Details - The acquisition was announced on October 15, 2025, and received shareholder approval on January 8, 2026 [1]. - Following the completion of the acquisition, Hillenbrand's common stock will cease trading and will be delisted from the New York Stock Exchange [1]. Group 2: Company Statements - Kim Ryan, President and CEO of Hillenbrand, expressed confidence in the partnership with Lone Star and emphasized a focus on customer service and growth [1]. - Donald Quintin, CEO of Lone Star, highlighted Hillenbrand's potential for growth and innovation with the new investment [1]. Group 3: Company Backgrounds - Hillenbrand is recognized as a global industrial company providing highly-engineered processing equipment and solutions, serving markets such as durable plastics, food, and recycling [1]. - Lone Star is a leading investment firm with over 30 years of experience in private equity, credit, and real estate, managing approximately $95 billion in capital commitments across 25 private equity funds since its inception [1].

Core Viewpoint - Highland Copper Company Inc. is actively engaging with investors through a virtual conference and has secured consulting services to enhance market awareness and investor relations [1][2][3]. Group 1: Investor Engagement - Barry O'Shea, President and CEO of Highland Copper, will present at the Precious Metals & Critical Minerals Virtual Investor Conference on February 10, 2026 [1]. - Investors are encouraged to pre-register for the conference to facilitate participation and receive updates [2]. Group 2: Consulting Services - Highland Copper has engaged Delray Capital Markets Group to provide consulting, investor relations, and market awareness services for a term of two months, pending approval from the TSX Venture Exchange [3]. - The company will pay Delray a cash consulting fee of US$25,000 upon execution of the agreement, with no stock options or equity-based compensation included [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% stake in the White Pine North project [5]. - 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" [5].

Merger and Acquisition - Hillenbrand's merger with Lone Star Funds is expected to close by the end of Q1 2026, with shareholders set to receive $32.00 per share in cash [86][85]. - The merger agreement was unanimously approved by Hillenbrand's Board of Directors, indicating strong internal support for the transaction [86]. - The company aims to selectively acquire companies to enhance growth, which may incur additional expenses related to amortization and interest [94]. Financial Performance - Net revenue for the three months ended December 31, 2025, decreased by $156.7 million (22%) compared to the same period in 2024, totaling $550.2 million [102]. - Gross profit decreased by $51.3 million (22%) to $183.7 million, with an improved gross profit margin of 33.4%, up 20 basis points from the previous year [103]. - Consolidated net income for the three months ended December 31, 2025, decreased by $7.9 million (89%) to $1.0 million, primarily driven by lower volume and cost inflation [126]. - Adjusted EBITDA decreased by $35.0 million (36%) to $62.1 million, influenced by the divestiture of Milacron and lower volume, partially offset by favorable pricing [127]. Divestiture Impact - The divestiture of Milacron resulted in a pre-tax loss of $57.2 million and transaction costs of $8.9 million for the year ended September 30, 2025 [89]. - The company reported total consideration of $286.0 million from the Milacron divestiture, which included $98.0 million in cash and $188.0 million in debt assumed by Bain Capital [87]. - Molding Technology Solutions net revenue decreased by $109.2 million (56%) due to the divestiture of Milacron, with a foreign currency impact increasing net revenue by 1% [117]. Backlog and Revenue Indicators - Hillenbrand's backlog includes expected net revenue from large systems and equipment, with fulfillment timelines ranging from days to 24 months [95]. - The company emphasizes the importance of backlog as an indicator of future net revenue, although it does not account for projects shipped within the same quarter [96]. - Order backlog decreased by $150.9 million (10%) to $1,432.7 million, primarily due to a decrease in capital equipment orders [111]. Expenses and Cash Flow - Selling, general and administrative expenses decreased by $21.9 million (13%) to $149.2 million, but as a percentage of net revenue, it increased by 290 basis points to 27.1% [105]. - Interest expense, net decreased by $4.9 million (20%) to $20.2 million, attributed to lower weighted average borrowings [107]. - Corporate expenses increased by $6.3 million (30%) to $27.0 million, with these expenses as a percentage of net revenue rising by 200 basis points to 4.9% [122]. - Operating activities used $27.4 million of cash during the three months ended December 31, 2025, compared to $11.3 million in the same period of 2024, reflecting a $16.1 million increase in cash used [138]. - Cash used in financing activities increased by $4.4 million during the three months ended December 31, 2025, primarily due to increased net borrowings [141]. Assets and Liabilities - Current assets as of December 31, 2025, were $1,638.5 million, down from $1,968.0 million as of September 30, 2025 [144]. - As of December 31, 2025, the company had guarantee arrangements totaling $668.0 million, with $363.3 million utilized for guarantees [130]. - Cash at foreign subsidiaries totaled $144.1 million as of December 31, 2025, supporting ongoing international operations [131]. Shareholder Returns - The company authorized a new share repurchase program of up to $300.0 million, with approximately $125.0 million remaining for repurchases as of December 31, 2025 [132]. - A quarterly cash dividend of $0.2275 per common share was paid, totaling approximately $16.1 million during the three months ended December 31, 2025 [134]. Pension Contributions - Anticipated contributions to defined benefit pension plans for fiscal 2026 are $10.1 million, with $1.9 million contributed during the three months ended December 31, 2025 [133]. Accounting Estimates - There were no significant changes to critical accounting estimates for the three months ended December 31, 2025 [100].

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].

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]

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]

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].

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].

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]