Skip to main content

Market Overview

Hillenbrand To Purchase Milacron Holdings In $2B Deal

Hillenbrand To Purchase Milacron Holdings In $2B Deal

Hillenbrand Inc. (NYSE: HI) will acquire Milacron Holdings Corp. (NYSE: MCRN) in a cash and stock transaction valued at $2 billion including net debt of $686 million as of March 31.

The deal has been approved by the board of directors of both companies. Under the agreement, Milacron stockholders will receive $11.80 in cash and a fixed exchange ratio of 0.1612 shares of Hillenbrand common stock for each share of Milacron common stock they own.

Milacron manufactures, distributes, and services engineered and customized systems in the approximately $30 billion plastics technology and processing industry.

Milacron's stock traded higher by 21% to $16.39 in Friday's pre-market session.

Hillenbrand shares were trading down 11.2% at $34.50. The stock has a 52-week high of $53.41 and a 52-week low of $36.22.

Related Links:

Agilent Will Acquire BioTek Instruments In $1.16B Deal

Arthur J. Gallagher Acquires BluePeak Advisors

Photo courtesy of Milacron.


Related Articles (HI + MCRN)

View Comments and Join the Discussion!

Posted-In: M&A News Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at