Industrial conglomerate Hillenbrand is planning to take over the crisis-stricken plastics machinery manufacturer Milacron. The two companies have entered into a definitive agreement whereby Hillenbrand will purchase Milacron in a cash and stock transaction worth approximately USD 2 bn, including net debt of around USD 686m. According to the proposed agreement, Hillenbrand shareholders will hold approximately 84% of the combined group, with Milacron stockholders owning the remaining 16%. The boards of... (16.07.2019)