The Ademi Firm is investigating Hillenbrand (NYSE: HI) for possible breaches of fiduciary duty and other violations of law in its transaction with Lone Star Funds.
Shareholders of Hillenbrand will receive $32.00 per share, representing an enterprise value of approximately $3.8 billion. Hillenbrand insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Hillenbrand by imposing a significant penalty if Hillenbrand accepts a competing bid. We are investigating the conduct of the Hillenbrand board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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