Herman Miller, Inc. (NASDAQ: MLHR) and Knoll Inc. (NYSE: KNL) announced April 19 that they have entered into a definitive agreement under which Herman Miller will acquire Knoll in a cash and stock transaction valued at $1.8 billion. The transaction, which has been unanimously approved by the Boards of Directors of both companies, is expected to close by the end of the third quarter of the calendar year 2021, subject to the satisfaction of closing conditions. Here’s a graphic snapshot of the deal:
