BATESVILLE, Ind., March 31 /PRNewswire-FirstCall/ -- Hillenbrand
Industries, Inc. (NYSE: HB) (the "Company") announced the expiration and
final results of its previously announced cash tender offer to purchase any
and all of its outstanding 4.50 percent Senior Notes due 2009 (CUSIP No.
431573AD6). The tender offer was made pursuant to an Offer to Purchase
dated February 29, 2008 (the "Offer to Purchase") and the related Letter of
Transmittal, which set forth a more comprehensive description of the terms
of the tender offer.
The tender offer expired at 8 a.m., New York City time, on March 31,
2008. 24,265,000 in aggregate principal amount of notes, representing
approximately 89.7 percent of the outstanding notes, were validly tendered
(and not validly withdrawn) in the tender offer.
The Company has waived all of the conditions to the tender offer and
has accepted for purchase all of the notes validly tendered (and not
validly withdrawn) in the tender offer. The Company has paid to the
Depository Trust Company the total consideration payable to holders in the
tender offer and has irrevocably instructed Global Bondholder Services
Corporation, the depositary for the tender offer, to pay the full tender
offer consideration or late tender offer consideration, as applicable, plus
accrued interest, to the tendering holders on the settlement date, which is
tomorrow, April 1, 2008.
Citi and Goldman, Sachs & Co. served as the dealer managers for the
tender offer and Global Bondholder Services Corporation served as the
depositary and information agent for the tender offer.
ABOUT HILLENBRAND INDUSTRIES, INC.
Hillenbrand Industries is organized into two operating companies
serving the health care and funeral services industries.
Hill-Rom is a leading worldwide manufacturer and provider of medical
technologies and related services for the health care industry, including
patient support systems, non-invasive therapeutic products for a variety of
acute and chronic medical conditions, medical equipment rentals, and
information technology solutions. Hill-Rom's comprehensive product and
service offerings are used by health care providers across the health care
continuum in hospitals, extended care facilities and home care settings to
enhance the safety and quality of patient care.
Hill-Rom ... enhancing outcomes for patients and their caregivers.
Batesville Casket Company is 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 press release contain forward-looking
statements, regarding the Company's future plans, objectives, beliefs,
expectations, representations and projections. The Company has tried,
wherever possible, to identify these forward-looking statements using words
such as "intend," "anticipate," "believe," "plan," "encourage," "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 Company's dependence on its relationships with several large national
providers and group purchasing organizations, changes in death rates,
whether the Company's new products are successful in the marketplace,
changes in customers' Medicare reimbursements, collections of accounts
receivable, compliance with FDA regulations, antitrust litigation,
potential exposure to product liability or other claims, failure of the
Company's announced strategic initiatives and restructuring and realignment
activities to achieve expected growth, efficiencies or cost reductions,
disruptions in the Company's business or other adverse consequences
resulting from the planned separation of the Company's two operating
companies, 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 services business,
volatility of the Company's investment portfolio, 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 Company's Annual Report on Form 10-K for the period ended
September 30, 2007. The Company assumes no obligation to update or revise
any forward-looking statements.
See Also
- HealthSouth Finalizes Sale of Corporate Campus to Daniel Corporation
- Childhood Leukemia Survivors Struggle With Long-Term Comorbidities
- Genmab Announces Year End 2007 Financial Results
- Linkwell Corp to File to Extend Filing Date for 2007 Form 10-K
Via: Healthcare
0 коментарі:
Post a Comment