BUZZ-Hillenbrand jumps after report co weighing potential sale

Reuters

08/13

BUZZ-Hillenbrand jumps after report co weighing potential sale

** Shares of plastic parts and equipment maker Hillenbrand HI.N rise 12% to $26 in morning trade

** Bloomberg News reports HI is exploring strategic options, including a potential sale, citing people familiar with the matter

** Report says deliberations are ongoing and there’s no guarantee they will result in a sale

** HI has a market value of about $1.65 billion, according to data compiled by LSEG

** Median PT of 4 brokerages covering the stock is $35 - LSEG

** Including session's move, stock down 16% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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