Milacron Becoming Part Of Under-Followed Hillenbrand's Diversification Strategy

All’s well that ends well, I suppose, and Hillenbrand’s (HI) $18 cash-and-share offer for Milacron (MCRN) gives those shareholders a decent exit on what has been a frustratingly volatile business, with some potential upside if they choose to stick with Hillenbrand for the long term. For Hillenbrand, Milacron is another big step in its diversification program; one that makes some sense, but isn’t coming cheap.

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Milacron Becoming Part Of Under-Followed Hillenbrand's Diversification Strategy