Shares of Hillenbrand (HI) are soaring in intraday trading, jumping 10.46% following reports that the company is exploring a potential sale. The surge comes as investors react positively to the possibility of a significant corporate transaction.
According to Bloomberg, Hillenbrand is considering strategic options, including a potential sale of the company. This news has sparked interest among investors, driving up the stock price. As a diversified industrial company, Hillenbrand's potential sale could attract various suitors interested in its portfolio of businesses, which includes process equipment manufacturing and death care products.
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