USA - Herman Miller, Inc.  and Knoll, Inc. announced that, at their respective special meetings held recently, 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 USD11.00 in cash and 0.32 shares of Herman Miller common stock for each share of Knoll common stock they own.

Subject to the satisfaction or permitted waiver of all remaining closing conditions, the transaction is currently expected to close on Monday, July 19, 2021.

“This highly complementary combination will create the pre-eminent leader in modern design, catalyzing the transformation of the home and office sectors at a time of unprecedented disruption,” the companies said in a joint statement.

Once the deal closes, current Herman Miller shareholders will own about 78% of the combined entity, while Knoll shareholders will hold abut 22%.

The acquisition of Knoll by Herman Miller was announced in April 2021 in a USD 1.8 billion deal.