Hillenbrand's (HI) acquisition by Lone Star Funds has been approved by the European Commission, the regulator said Monday.
The commission said it has found that the transaction would not raise competition concerns as the companies are not active in the same or vertically related markets.
Hillenbrand said in October that it had agreed to be acquired and taken private by an affiliate of Lone Star Funds in an all-cash transaction valued at $32 per share, equating to an enterprise value of $3.8 billion.
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