Hillenbrand Industries, Inc.(NYSE:HB) Company Press Release
Hillenbrand Industries Announces Treasury Stock Purchase
BATESVILLE, Ind., Dec. 1 /PRNewswire/ -- Today, December 1, 1997, Hillenbrand Industries purchased from a trust established by G. C. Hillenbrand, a founder of the Company, 990,000 shares of common stock to facilitate the payment of the trust's federal and state taxes upon the death of Mr. Hillenbrand's widow. The purchase was a private transaction for the Company's treasury at a discount from market determined by an investment bank to be fair to the Company.
Hillenbrand Industries, Inc. (NYSE: HB - news), Batesville, Ind., is a publicly traded holding company for four wholly owned subsidiaries with leadership positions in the health care, funeral service and high security markets they serve. |
