Flexsteel confirms receipt of unsolicited proposal from csc generation holdings

Dubuque, iowa--(business wire)--flexsteel industries, inc. (nasdaq: flxs) (“flexsteel” or the “company”), today confirmed it has received an unsolicited preliminary non-binding proposal from csc generation holdings, inc. to acquire all outstanding shares of flexsteel for $20.80 per share in cash. prior to today's public proposal, flexsteel had no interaction with csc generation holdings or any knowledge of its proposal. consistent with its fiduciary duties and in consultation with its financial
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