K-Tron acquired by Hillenbrand

Hillenbrand and K-Tron International have signed a definitive merger agreement providing for Hillenbrand acquisition of K-Tron for 150 dollars per share in cash. The transaction will have an aggregate purchase price of approximately 435 million dollars (adjusted for K-Tron debt the estimated net purchase price of the deal is approximately 390 million dollars). Following the completion of the transaction, expected to occur at the end of March, K-Tron will operate as a wholly owned subsidiary of Hillenbrand.