Posts

Herman Miller Continues Expansion of Pioneering Use of Ocean-Bound Plastic With Updated Sayl Chair

11 January, 2023

LONDON–(BUSINESS WIRE)–Jan 11, 2023–

Herman Miller is continuing to increase the use of ocean-bound plastic within the modern furniture maker’s portfolio. The Sayl Chair, designed by esteemed Swiss Designer Yves Béhar will now include up to 1.36 kg (3 pounds) of mismanaged plastic waste found near waterways. This change builds upon the momentum created by the introduction of ocean-plastic in the iconic Aeron Chair in 2021 and will divert 95 metric tons*, the equivalent of approximately 9.6 million plastic water bottles, from the ocean annually.

 

 

 

Herman Miller’s $1.8 billion acquisition of Montgomery County furniture firm Knoll to close within days

Wednesday, 14 July, 2021

Knoll Inc., the storied Montgomery County furniture and textile designer and manufacturer, is just days away from being acquired by longtime competitor Herman Miller Inc. for $1.8 billion.

The two companies announced Tuesday evening that shareholders of both companies “overwhelmingly approved” proposals related to the transaction at separate special meetings held earlier in the day.

Herman Miller and Knoll Shareholders Approve Merger-Related Proposals

Tuesday, 13 July, 2021

ZEELAND, Mich. and EAST GREENVILLE, Pa., July 13, 2021 (GLOBE NEWSWIRE) — Herman Miller, Inc. (“Herman Miller”) (NASDAQ: MLHR) and Knoll, Inc. (“Knoll”) (NYSE: KNL) announced that, at their respective special meetings held today, Herman Miller and Knoll shareholders overwhelmingly approved their respective proposals required in order to consummate the pending acquisition of Knoll by Herman Miller. Upon completion of the transaction, Knoll shareholders will receive $11.00 in cash and 0.32 shares of Herman Miller common stock for each share of Knoll common stock they own.

Herman Miller Inc. (MLHR) gains 0.8940% for June 15

Tuesday, 15 June, 2021

Herman Miller Inc. (NASDAQ: MLHR) shares gained 0.8940% to end trading Tuesday at $48.53 per share – a net change of $0.43. Shares traded between $48.61 and $47.73 throughout the day.

Herman Miller Inc. (MLHR) gains 1.5490% for June 09

Wednesday, 09 June, 2021

Herman Miller Inc. (NASDAQ: MLHR) shares gained 1.5490% to end trading Wednesday at $50.49 per share – a net change of $0.77.

The Nasdaq Stock Market is a global leader in trading data and services, and equities and options listing. Nasdaq is the world’s leading exchange for options volume and is home to the five largest US companies – Apple, Microsoft, Amazon, Alphabet and Facebook.

Herman Miller Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Herman Miller, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – MLHR

Monday, 19 April, 2021

Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Herman Miller, Inc. (NASDAQ: MLHR) and Knoll, Inc. is fair to Herman Miller shareholders. Under the terms of the merger, Knoll shareholders are expected to receive a combination of cash and Herman Miller stock. Upon completion of the transaction, Herman Miller shareholders will own approximately 78% of the combined company.

Soft North American contract furniture market drags Herman Miller sales lower

Thursday, 18 March, 2021

ZEELAND — Office furniture maker Herman Miller Inc. continues to feel the sting as office workers stay home because of the COVID-19 pandemic.

In reporting its 2021 fiscal year results for its third quarter that ended Feb. 27, the company said it generated $590.5 million in sales for the three-month period, down 11.3 percent from the same time last year.

Herman Miller Inc. (MLHR) Soars 3.07% on February 24

Wednesday, 24 February 2021

Herman Miller Inc. (MLHR) had a good day on the market for Wednesday February 24 as shares jumped 3.07% to close at $39.60. About 288,352 shares traded hands on 3,873 trades for the day, compared with an average daily volume of n/a shares out of a total float of 58.98 million. After opening the trading day at $38.64, shares of Herman Miller Inc. stayed within a range of $39.85 to $38.54.

Pandemic sends furniture manufacturers’ work from home plans into overdrive

Sunday, 14 February 2021

For the large West Michigan-based office furniture manufacturers, remote working was a familiar concept and a demand they were prepared to fulfill.

While names like Steelcase Inc., Herman Miller Inc. and Haworth Inc. were keeping an eye on the transition to higher percentages of remote workers, the COVID-19 pandemic and ensuing mass exodus from traditional offices lurched that evolution forward.

Herman Miller : Earns Top Marks in Human Rights Campaign’s 2021 Corporate Equality Index – Herman Miller

Thursday, 04 February 2021

ZEELAND, Mich. – The Human Rights Campaign Foundation (HRC) named global design manufacturer Herman Miller, Inc. (NASDAQ:MLHR) among a select group of US companies to receive a perfect score on its 2021 Corporate Equality Index (CEI). This is Herman Miller’s 14th consecutive year with a 100% score on the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.