Deal Details
Spin-off of Kimball Electronics, Inc.
Summary
Baird served as exclusive financial advisor to Kimball International, Inc. on this transaction.
About
Kimball International, Inc. (“Kimball International”) (NASDAQ-GS: KBAL) recently completed the spin-off of its electronics manufacturing services business, Kimball Electronics, Inc. (“Kimball Electronics”) (NASDAQ-GS: KE) by distributing all outstanding shares of common stock of Kimball Electronics to shareholders. Kimball International distributed three shares of Kimball Electronics common stock for every four shares of Kimball International Class A or Class B common stock.Kimball International is a leading manufacturer of furnishings under the National Office Furniture, Kimball Office and Kimball Hospitality family of brands. Kimball International’s diverse portfolio provides solutions for workplace, learning, healing and hospitality environments. Following the spin-off, Kimball International will continue to operate as a global provider of furniture products with operations in the United States, China and Vietnam. Kimball International is based in Jasper, Indiana.
Kimball Electronics is a global contract electronics manufacturing services company that specializes in durable goods electronics for the medical, automotive, industrial and public safety markets. Kimball Electronics has manufacturing operations in the United States, Mexico, Thailand, Poland and China. Kimball Electronics is based in Jasper, Indiana.
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- Date
- November 2014
- Company
- Kimball International, Inc.
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
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