Engel Law PLLC is investigating whether fair value to Kimball shareholders will result from the proposed sale of Kimball International, Inc. (NASDAQ: KBAL) to HNI Corporation for $9.00 in cash and 0.1301 shares of HNI common stock for each Kimball share.
The Firm’s investigation concerns:
(i) whether the Company’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction;
(ii) whether the merger consideration adequately compensates the Company’s shareholders; and
(iii) whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.