Our client K-Tron International, Inc., recently agreed to a merger with Hillenbrand, Inc. Pursuant to the merger agreement announced January 11, 2010, Hillenbrand will acquire K-Tron for an aggregate payment of approximately $435 million to K-Tron's shareholders. The $150 per share price represents a 32.1 percent premium over the closing price of K-Tron's stock in NASDAQ National Market trading before the announcement. The boards of directors of both companies have unanimously approved the merger agreement, and the transaction will need approval of K-Tron shareholders. The Flaster Greenberg team advising K-Tron in the transaction, included William Skinner, Kevin Greenberg and Alan Zuckerman. Flaster Greenberg has represented K-Tron in matters of New Jersey law for over 20 years. Headquartered in Pitman, Gloucester County, and incorporated under New Jersey's Business Corporation Act, K-Tron has grown into a world leader in material handling equipment and systems, with manufacturing facilities in the United States, Switzerland and China. Hillenbrand is the holding company of a leading manufacturer of burial and funeral supplies, Batesville Casket Company.
