Hillenbrand (HI) is working with an adviser to explore strategic options, including a potential sale of the company, Bloomberg reported Wednesday, citing people familiar with the matter.
The report added that discussions were ongoing and there was no guarantee that a sale would materialize.
Hillenbrand did not immediately reply to an MT Newswires request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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