NYSE:HI Hillenbrand(Batesville Casket) Non Funeral K-Tron Acquisition under investigation-YourFuneral Guy

12 Jan

A Hillenbrand- Batesville Casket-non funeral acquisition is under investigation

NYSE:HI “Hillenbrand” AKA Batesville Casket  acquisition of K-Tron is already under investigation. It seems that some think that the K-Tron shareholders were taken advantage of because there was no investigation of other buyers.

Hillenbrand Inc had declining revenue sales in 2009. In order to put an end to revenue  losses the World’s largest Casket Manufacturer has gone outside the casket sale to increase revenue.

Hillenbrand purchased the rights to Goria  Burial Vaults. near the end of 2009 and announced the K-Tron Purchase in early 2010. But as in any Corporate funeral business deal, there is shadiness in the grey areas. In this case an investigation was revealed within a  day after  the announced acquisition.

Snippet:

The law firm of Harwood Feffer LLP is investigating possible breaches of fiduciary duty by the Board of Directors of K-Tron (“K-Tron”) (NYSE:KTII) arising out of the proposed acquisition of K-Tron by Hillenbrand, Inc. (“Hillenbrand”) (NYSE:HI).

On Monday, January 11, 2010, K-Tron announced it had agreed to be acquired by Hillenbrand. The transaction will have an aggregate purchase price of approximately $435 million…..

However, K-Tron may not have adequately shopped itself around before entering into this transaction and, pursuant to this proposed transaction, Hillenbrand may be underpaying for K-Tron, thus unlawfully harming K-Tron shareholders.via www.globenewswire.com

Funeral industry| Funeral News  |Funeral blog by Your Funeral Guy

This is an illustration as to why dealings with corporate funeral homes should be avoided.

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