Home Trending Stocks How Did The KNL Stock Rise 35%?

How Did The KNL Stock Rise 35%?

Knoll Inc. (NYSE: KNL) closed the day at $23.30, a price that boosted its dollar volume by $6.07 a share. Knoll stock has seen its price gain nearly 35.23% on 04/19/21, showing a positive weekly performance of 38.77%. There are currently 49.14 million shares of KNL stock held by the public. Of those shares, 47.16 million can be traded. The KNL stock rose after the merger agreement news surfaced.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

How will the agreement work out?

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Knoll and Herman Miller Inc announced yesterday that the companies have entered a definitive agreement under which Knoll will be acquired by Herman Miller for $1.8 billion in cash and stock.

Read More

  • According to the agreement, KNL shareholders will receive $11.00 in cash and 0.32 shares of Herman Miller common stock for each Knoll common share they own.
  • The transaction terms imply a purchase price of $25.06 per share based on Herman Miller’s five-day volume-weighted average price of $43.74 per share, representing a 45% premium to KNL’s closing share price on April 16, 2021.
  • At completion of the transaction, about 78% of the company will belong to Herman Miller, while about 22% will belong to KNL shareholders.
  • Closing conditions must be satisfied for a closing date to be determined for the transaction.
  • The transaction has been approved unanimously by both companies’ Boards of Directors.

    Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Further,

With the closing of the transaction, Herman Miller will acquire all outstanding shares of KNL preferred stock from Investindustrial VII L.P. for a fixed consideration of $253 million, which represents an equivalent of $25.06 for every KNL share. The special meeting of shareholders of Knoll Inc (KNL) to be held in connection with the transaction will be attended by Investindustrial, which has entered a voting agreement to support the transaction.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Related News

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam