Herman Miller Acquires Knoll for $1.8 Billion

During what is an already unique time for the office-furniture market comes a splashy move from major player Herman Miller.

Today, Herman Miller announced its $1.8 billion acquisition of Knoll Inc., one of its leading competitors in the design, manufacturing, and retailing of office and home furniture. The move is a cash-and-stock deal, with Knoll shareholders receiving the equivalent of $24.18 per share in the form of $11 in cash and 0.32 of a Herman Miller share, according to Bloomberg.

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