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BATESVILLE, Ind., April 1, 2008 - /PR Newswire-First Call/ -- Hillenbrand, Inc., formerly known as Batesville Holdings, Inc, announced that its shares began trading on the New York Stock Exchange (NYSE) today under the new ticker HI, following yesterday's completion of its spin-off from Hill-Rom Holdings, Inc. (NYSE:HRC), formerly known as Hillenbrand Industries, Inc. The new Hillenbrand, Inc. will move forward as the holding company for Batesville Casket Company, a leader in the North American death care industry.
Under the terms of the spin-off, shareholders of the former Hillenbrand Industries received one share of Hillenbrand, Inc. stock for every share of Hillenbrand Industries held as of the March 24, 2008 spin-off record date.
"Our new listing on the world's premier exchange is a landmark event for Hillenbrand, Inc. and launches a new beginning for us as a publicly traded company," said Kenneth A. Camp, president and chief executive officer of Hillenbrand, Inc.
"As the new Hillenbrand, Inc. and as a leader in the funeral services industry, we are now clearly focused on leveraging our core competencies including exceptional customer service, high quality products, award winning operational excellence and a highly qualified management team to reinvest in future growth opportunities for our business and to build long-term value for our new shareholders."
Leadership representing both the new Hillenbrand, Inc. and Hill-Rom Holdings, Inc. today rang The Opening Bell on the NYSE.
ABOUT HILLENBRAND, INC.
Hillenbrand, Inc. is the holding company for Batesville Casket Company, 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