Hni corporation to acquire kimball international

Muscatine, iowa & jasper, ind.--(business wire)--hni corporation (nyse: hni) and kimball international, inc. (nasdaq: kbal) today announced that they have entered into a definitive agreement under which hni will acquire all the outstanding shares of kimball international in a cash and stock transaction valued at approximately $485 million. under the terms of the agreement, kimball international shareholders will receive $9.00 in cash and 0.
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