Flexsteel confirms unsolicited $20.80/share cash proposal from CSC Generation Holdings

FLEXSTEEL INDUSTRIES INC

Flexsteel received unsolicited preliminary non-binding proposal from CSC Generation Holdings to acquire all shares for $20.80 per share in cash.
Flexsteel had no prior interaction with CSC Generation Holdings or knowledge of the proposal before the public announcement.
Board of Directors will evaluate the proposal with financial and legal advisors to determine best course of action.
Shareholders are advised to take no action at this time; the company will not comment further until the review is complete.
Stock symbol FLXS; proposal price implies potential premium to market, but no definitive agreement yet.

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