Herman Miller, Knoll shareholders approve merger-related proposals
Posted July 15, 2021
ZEELAND, Mich. and EAST GREENVILLE, Pa. – Herman Miller, Inc. and Knoll, Inc. announced that, at their respective special meetings held, Herman Miller and Knoll shareholders overwhelmingly approved their respective proposals required in order to consummate the pending acquisition of Knoll by Herman Miller.
Upon completion of the transaction, Knoll shareholders will receive $11.00 in cash and 0.32 shares of Herman Miller common stock for each share of Knoll common stock they own.
Subject to the satisfaction or permitted waiver of all remaining closing conditions, the transaction is currently expected to close on Monday, July 19.
Herman Miller is a globally recognized leader in design. Since its inception in 1905, the company's innovative, problem-solving designs and furnishings have inspired the best in people wherever they live, work, learn, heal and play.
Knoll, Inc. is a constellation of design-driven brands and people, working together with its clients in person and digitally to create inspired modern interiors. Its internationally recognized portfolio includes furniture, textiles, leathers, accessories and architectural and acoustical elements.
Source: Herman Miller