Brief: Kimball International To Acquire Poppin, Inc Fast Growing Digitally Enabled Commercial Furniture Company
04/11/2020 21:26
Nov 4 (Reuters) - Kimball International Inc KBAL.O :
* KIMBALL INTERNATIONAL TO ACQUIRE POPPIN, INC., FAST
GROWING
DIGITALLY ENABLED COMMERCIAL FURNITURE COMPANY
* KIMBALL INTERNATIONAL INC - PURCHASE PRICE IS $110 MILLION
IN
INITIAL CASH CONSIDERATION PLUS ADDITIONAL CONTINGENT PAYMENTS
* KIMBALL INTERNATIONAL INC - POPPIN WILL OPERATE AS A
SEPARATE
BUSINESS UNIT WITHIN KIMBALL INTERNATIONAL
Source text for Eikon: ID:nGNXbMLGcK
Further company coverage: KBAL.O
((Reuters.Briefs@thomsonreuters.com;))
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