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News  ›  GlobeNewswire Inc.

HI Merger Investigation: Halper Sadeh LLC is Investigating Whether the Sale of Hillenbrand, Inc. is Fair to Shareholders

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Halper Sadeh Llc
HI Merger Investigation: Halper Sadeh LLC is Investigating Whether the Sale of Hillenbrand, Inc. is Fair to Shareholders

Law firm Halper Sadeh LLC is investigating the sale of Hillenbrand, Inc. to Lone Star Funds, questioning whether the $32.00 per share cash deal is fair to shareholders and if the board breached its fiduciary duties.

Insights
BACpB   neutral

Mentioned as previous employer of new executive, with no direct commentary about the bank's performance


HI   negative

The investigation suggests potential misconduct by the board, including failing to obtain the best possible consideration and potentially underpaying shareholders in the merger