11:00 AM EDT, 10/15/2025 (MT Newswires) -- (Updates to include Hillenbrand's ( HI ) recent stock move in the first paragraph and additional details throughout the article.)

Hillenbrand ( HI ) shares were up 18% in recent Wednesday trading after the company said it has agreed to be acquired by a Lone Star Funds affiliate in an all-cash deal valued at about $3.80 billion, or $32 per share.

The price represents a premium of roughly 37% to Hillenbrand's ( HI ) unaffected closing price on Aug. 12 and about 53% to its 90-day volume-weighted average price.

The Hillenbrand ( HI ) board has approved the transaction following a review of strategic alternatives.

Once the deal closes, expected by the end of Q1 2026, the company will become privately held and cease trading on the New York Stock Exchange.

Price: 31.26, Change: +4.77, Percent Change: +18.01