Herman Miller resolves merger litigation with supplemental proxy disclosures; 9 suits dismissed

MILLERKNOLL, INC.

Nine lawsuits challenging the Knoll merger to be dismissed with prejudice after supplemental disclosures.
Supplemental disclosures add details on Investindustrial standstill, BofA analysis correction, and Goldman Sachs multiple adjustment.
No admission of liability; companies believe claims meritless but act to avoid delaying July 13 shareholder vote.
Corrected Goldman Sachs median EV/LTM EBITDA multiple for precedent transactions from 13.5x to 14.1x.

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