Shareholder alert: weiss law investigates kimball international, inc.

New york , march 8, 2023 /prnewswire/ -- weiss law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of kimball international, inc. ("kimball" or the "company") (nasdaq: kbal), in connection with the proposed acquisition of the company by hni corporation (nyse: hni) ("hni"). under the terms of the merger agreement, the company's shareholders will receive $9.00 in cash and 0.1301 shares of hni common stock for each share of kimball common stock owned, representing implied per-share consideration of $12.90 based upon hni's march 7, 2023 closing price of $29.94.
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