Hillenbrand (HI) Climbs 18% on $3.8 Billion Lone Star Merger

Core Viewpoint - Hillenbrand Inc. is experiencing significant stock performance due to its announced merger with Lone Star Funds for $3.8 billion, resulting in a notable increase in share price [1][3]. Group 1: Merger Details - Hillenbrand Inc. has entered into a definitive agreement with Lone Star Funds to sell all issued and outstanding shares at a price of $32 per share [2]. - The acquisition price represents a 20% premium over Hillenbrand's closing price of $26.49 prior to the announcement and a 53% upside from the 90-day volume-weighted average price of $23.43 [3]. - The transaction will be fully paid in cash and is expected to close in the first quarter of 2026, pending shareholder and regulatory approvals [4]. Group 2: Stock Performance - Following the merger announcement, Hillenbrand's stock surged 18.20% to close at $31.31, marking its third consecutive day of gains [1].