SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Kimball International, Inc. (KBAL)


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


Bala Cynwyd, Pennsylvania--(Newsfile Corp. - March 8, 2023) - Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Kimball International, Inc. ("Kimball" or the "Company") (NASDAQ:KBAL) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company's agreement to be acquired by HNI Corporation (NYSE:HNI). Under the terms of the Merger Agreement, Kimball shareholders will receive $9.00 in cash and 0.1301 shares of HNI common stock for each share of Kimball common stock they own. As a result of the transaction, Kimball shareholders will own approximately 10% of the combined company.

The investigation concerns whether the Kimball Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution to Kimball shareholders in the combined company and whether HNI is paying too little for the Company.

If you own shares of Kimball stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/kimball-international-inc-nasdaq-kbal/, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/157686


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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Posted In: Press Releases