Hillenbrand, Inc. Begins Trading on the NYSE
01 April 2008 - 10:30PM
PR Newswire (US)
BATESVILLE, Ind., April 1 /PRNewswire-FirstCall/ -- Hillenbrand,
Inc., formerly known as Batesville Holdings, Inc, announced that
its shares began trading on the New York Stock Exchange (NYSE)
today under the new ticker HI, following yesterday's completion of
its spin-off from Hill-Rom Holdings, Inc. (NYSE:HRC), formerly
known as Hillenbrand Industries, Inc. The new Hillenbrand, Inc.
will move forward as the holding company for Batesville Casket
Company, a leader in the North American death care industry. Under
the terms of the spin-off, shareholders of the former Hillenbrand
Industries received one share of Hillenbrand, Inc. stock for every
share of Hillenbrand Industries held as of the March 24, 2008
spin-off record date. "Our new listing on the world's premier
exchange is a landmark event for Hillenbrand, Inc. and launches a
new beginning for us as a publicly traded company," said Kenneth A.
Camp, president and chief executive officer of Hillenbrand, Inc.
"As the new Hillenbrand, Inc. and as a leader in the funeral
services industry, we are now clearly focused on leveraging our
core competencies including exceptional customer service, high
quality products, award winning operational excellence and a highly
qualified management team to reinvest in future growth
opportunities for our business and to build long-term value for our
new shareholders." Leadership representing both the new
Hillenbrand, Inc. and Hill-Rom Holdings, Inc. today rang The
Opening Bell on the NYSE. ABOUT HILLENBRAND, INC. Hillenbrand, Inc.
is the holding company for Batesville Casket Company, a leader in
the North American death care industry through the sale of funeral
services products, including burial caskets, cremation caskets,
containers and urns, selection room display fixturing and other
personalization and memorialization products. Batesville Casket
Company ... helping families honor the lives of those they love.
http://www.hillenbrand.com/ Disclosure Regarding Forward-Looking
Statements Certain statements in this release contain forward
looking statements, within the meaning of the Private Securities
Litigation Reform Act of 1995, regarding the future plans,
objectives, beliefs, expectations, representations and projections
of Hillenbrand, Inc. (the "Company"). The Company has tried,
wherever possible, to identify these forward looking statements
using words such as "intend," "anticipate," "believe," "plan,"
"expect," "may," "goal," "become," "pursue," "estimate,"
"strategy," "will," "projection," "forecast," "continue,"
"accelerate," "promise," "increase," "higher," "lower," "reduce,"
"improve," "expand," "progress," "potential" or the negative of
those terms or other variations of them or by comparable
terminology. The absence of such terms, however, does not mean that
the statement is not forward looking. It is important to note that
forward looking statements are not guarantees of future
performance, and the Company's actual results could differ
materially from those set forth in any forward looking statements.
Factors that could cause actual results to differ from forward
looking statements include but are not limited to: the antitrust
litigation in which the Company is currently a defendant; the
Company's dependence on its relationships with several large
national providers; continued fluctuations in mortality rates and
increased cremations; ongoing involvement in claims, lawsuits and
governmental proceedings; failure of the Company's announced
strategic initiatives to achieve expected growth, efficiencies or
cost reductions; disruptions in the Company's business or other
adverse consequences resulting from the spin-off of the Company
from Hillenbrand Industries, Inc.; failure to achieve the
anticipated benefits of the spin-off; failure of the Company to
execute its acquisition and business alliance strategy through the
consummation and successful integration of acquisitions or entry
into joint ventures or other business alliances; competition from
nontraditional sources in the funeral service business; increased
costs or unavailability of raw materials; labor disruptions; the
ability to retain executive officers and other key personnel; and
certain tax-related matters. For a more in depth discussion of
these and other factors that could cause actual results to differ
from those contained in forward looking statements, see the
discussions under the heading "Risk Factors" in the Information
Statement dated March 17, 2008 filed as Exhibit 99.1 to the
Company's Current Report on Form 8-K filed with the Securities and
Exchange Commission on March 17, 2008. The Company assumes no
obligation to update or revise any forward looking statements.
DATASOURCE: Hillenbrand, Inc. CONTACT: Investors, Mark R. Lanning,
Vice President, Investor Relations and Treasurer, +1-812-934-7256,
or , Media, Victoria Gilbert, Manager, Corporate & Investor
Communications, +1-812-931-5051, or Web site:
http://www.hillenbrand.com/
Copyright