Annual report pursuant to Section 13 and 15(d)

Transactions with Hill-Rom

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Transactions with Hill-Rom
12 Months Ended
Sep. 30, 2012
Transactions with Hill-Rom  
Transactions with Hill-Rom

5.              Transactions with Hill-Rom

 

In connection with the 2008 separation of Hillenbrand Industries, Inc. into two separate publicly traded companies, a number of agreements were established between Hillenbrand and Hill-Rom to govern their relationship.  Certain of these agreements imposed restrictive covenants on both Hill-Rom and Hillenbrand.  The restrictive covenants limited the Company’s ability to, among other things, raise its dividend and borrow to fund acquisitions.  With the resolution of the antitrust litigation on October 1, 2012, discussed further in Note 11, these restrictive covenants were terminated.