Herman miller agrees to acquire majority interest in hay a/s

Herman miller agrees to acquire majority interest in hay a/s.herman miller inc - deal for approximately $78 million.herman miller inc - rolf and mette hay, co-founders and creative directors of hay, own 33% of equity in hay..herman miller inc - upon closing current transaction, herman miller will own a majority 67% interest in hay.herman - expects to consolidate hay's operating results going forward and record non-controlling interest for remaining 33% minority ownership stake.herman miller inc - revenue for hay's most recent fiscal year that ended in july 2019 totaled about $160 million.herman miller inc - transaction is expected to have a $0.01 to $0.02 accretive impact on earnings per share in second half of fiscal 2020.
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