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

We recently published 10 Stocks Stealing Today’s Spotlight; 5 on All-Time Highs. Hillenbrand Inc. (NYSE:HI) is one of the best performers on Wednesday.

Hillenbrand extended its winning streak to a third consecutive day on Wednesday, surging 18.20 percent to finish at $31.31 apiece, as investors snapped up shares following announcements that it would merge with Lone Star Funds for $3.8 billion.

In a statement, Hillenbrand Inc. (NYSE:HI) said it entered into a definitive agreement with Lone Star for the sale of all of its issued and outstanding shares at a price of $32 apiece. Upon completion of the tender offer, Hillenbrand Inc. (NYSE:HI) will cease to trade on the New York Stock Exchange.

The acquisition price marked a 20-percent premium over Hillenbrand Inc.’s (NYSE:HI) Tuesday closing price of $26.49, prior to the official announcement, as well as a 53-percent upside from the 90-day volume-weighted average price of $23.43 on August 12, 2025.

Hillenbrand Inc. (NYSE:HI) said the entire transaction will be fully paid in cash and expected to close in the first quarter of 2026, subject to closing conditions, including shareholder and other regulatory approvals.

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Disclosure: None. This article is originally published at Insider Monkey.