Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the District of Delaware on behalf of holders of Milacron Holdings Corp. (“Milacron”) (NYSE: MCRN) common stock in connection with the proposed acquisition of Milacron by Hillenbrand, Inc. (“Hillenbrand”) and Bengal Delaware Holding Corporation (“Merger Sub”) announced on July 12, 2019 (the “Complaint”). The Complaint, which alleges violations of the Securities Exchange Act of 1934 against Milacron, its Board of Directors (the “Board”), Hillenbrand, and Merger Sub, is captioned Sabatini v. Milacron Holdings Corp., Case No. 1:19-cv-01846 (D. Del.).
On July 12, 2019, Milacron entered into an agreement and plan of merger (the “Merger Agreement”) with Hillenbrand and Merger Sub. Pursuant to the terms of the Merger Agreement, shareholders of Milacron will receive $11.80 in cash and 0.1612 shares of Hillenbrand common stock per share (the “Proposed Transaction”).
Among other things, the Complaint alleges that, in an attempt to secure shareholder support for the Proposed Transaction, defendants issued materially incomplete disclosures in a Form S-4 Registration Statement (the “Registration Statement”) filed with the United States Securities and Exchange Commission. The Complaint alleges that the Registration Statement omits material information with respect to, among other things, the Company’s and Hillenbrand’s financial projections and the analyses performed by Milacron’s financial advisor. The Complaint seeks injunctive and equitable relief and damages on behalf of holders of Milacron common stock.
If you wish to serve as lead plaintiff, you must move the Court no later than December 20, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.