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HI - Hillenbrand's Purchase Of Milacron Should Make Somebody Happy
Hillenbrand Inc
July 12th has shaped up to be a big day for shareholders in Hillenbrand Inc. (HI) and Milacron Holdings Corp. (MCRN) following news that Hillenbrand will be acquiring Milacron in a cash-and-stock deal valuing the latter (inclusive of net debt) at nearly $2 billion. While the market still seems to be digesting these developments, data suggests that Hillenbrand paid what looks to be a slight premium for the firm. In all, Hillenbrand’s investors should be generally pleased by this development since synergies will create additional value in the long run, and