Hillenbrand Hires Sr Vice President, Operations Center of Excellence and Hillenbrand Operating Model shelbynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shelbynews.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ The board of directors of Hillenbrand, Inc. (NYSE: HI) has declared a regular quarterly cash dividend of $0.2150 per share on the company s.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Hillenbrand Announces Definitive Agreement to Sell ABEL Pumps to IDEX Corporation
January 11, 2021 GMT
Hillenbrand - a global diversified industrial company. (PRNewsfoto/Hillenbrand, Inc.)
BATESVILLE, Ind., Jan. 11, 2021 /PRNewswire/ Hillenbrand, Inc. (NYSE: HI) announced today that it has reached a definitive agreement to sell Abel Pumps, L.P., and certain of its affiliates (ABEL) to IDEX Corporation (NYSE: IEX). The sale follows Hillenbrand’s previously announced intent to exit the ABEL business.
Hillenbrand has entered into a Share and Interest Purchase and Transfer Agreement with IDEX, pursuant to which IDEX has agreed to acquire ABEL for $103.5 million in cash, subject to customary post-closing adjustments. The transaction is expected to be completed in Hillenbrand’s second fiscal quarter, subject to customary closing conditions.