SPINOFF: Hillenbrand Industries (HB) into Hill-Rom Holdings (HRC) and Hillenbrand (HI)
Issue:
On 3/31/2008 Hillenbrand Industries, Inc. (HB) distributed 1 shares of Hillenbrand, Inc. (HI) for each share of HB owned in a regular spinoff. Hillenbrand Industries, Inc. then changed its name and ticker symbol to Hill-Rom Holdings, Inc. and (HRC), respectively.
Cause:
This is a normal spinoff. Pertinent facts relating to this transaction can be found at:
http://files.shareholder.com/support/download.aspx?file=HI/309316799x0x186110/35c4a141-0414-42c1-8d1b-af0b037a4ed8/Hillenbrand%20Tax%20Basis%20I
Resolution:
Before making any spinoff entries, edit the profile for Hillenbrand Industries, and change its name and ticker symbol to Hill-Rom Holdings, Inc. and ticker symbol HRC, respectively. Then, enter the spinoff transaction in accordance with the instructions at:
http://www.iclub.com/support/kb/default.asp?page=normal_spinoff
Here's the information you need for the spinoff:
1. Spinoff date - 3/31/2008
2. Parent company - Hill-Rom Holdings, Inc. (HRC)
3. Remaining basis percentage of Parent Company, (HRC) - 55.22.
4. Number of shares held in parent company - provided by software.
5. There is one daughter company - Hillenbrand, Inc. (HI)
6. Number of shares of HI received - This will be the number of shares owned in HRC multiplied by 1
7. Price per share of daughter company - $21.50.
8. Cash received in lieu of fractional shares - with a 1 for 1 exchange rate, there should be none.
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