Herman Miller and Knoll to combine in deal valued at $1.8 billion, create leader in office and home design

Herman Miller Inc.
MLHR,
+1.21%
and Knoll Inc.
KNL,
+1.77%
said Monday they have agreed to combine in a cash-and-stock deal valued at $1.8 billion that will create a leader in modern design for the home and office. Under the terms of the deal, Knoll shareholders will receive $11 in cash and 0.32 shares of Hermann Miller for each share owned, equal to a premium of 45% over Knoll’s closing price on Friday. Once the deal closes, Herman Miller shareholders will own about 78% of the combined entity, while Knoll shareholders will hold abut 22%. The deal is expected to close by the end of the third quarter. As part of the deal, Herman Miller will purchase all of Knoll’s outstanding preferred stock from Investindustrial VII L.P. for a fixed cash consideration of $253 million, or $25.06 per each underlying share. “This highly complementary combination will create the preeminent leader

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Look inside this cheerful Silver Lake bungalow to see how to create joy on the cheap

Arden Myrin's kitchen is complemented by hand-printed wallpaper by Juju Papers. <span class=(Mariah Tauger / Los Angeles Times)” src=”https://s.yimg.com/ny/api/res/1.2/_0xT4VCnGtudJ1PJhZu69Q–/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MA–/https://s.yimg.com/uu/api/res/1.2/j23jX8CoZ8KNhW7A6ufo2Q–~B/aD01NjA7dz04NDA7c209MTthcHBpZD15dGFjaHlvbg–/https://media.zenfs.com/en/la_times_articles_853/2599bec7e6a7f39c188c62d215b104cd” data-src=”https://s.yimg.com/ny/api/res/1.2/_0xT4VCnGtudJ1PJhZu69Q–/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MA–/https://s.yimg.com/uu/api/res/1.2/j23jX8CoZ8KNhW7A6ufo2Q–~B/aD01NjA7dz04NDA7c209MTthcHBpZD15dGFjaHlvbg–/https://media.zenfs.com/en/la_times_articles_853/2599bec7e6a7f39c188c62d215b104cd”/
Arden Myrin’s kitchen is complemented by hand-printed wallpaper by Juju Papers. (Mariah Tauger / Los Angeles Times)

Arden Myrin’s Silver Lake home may be small at 900 square feet, but it looms large with joy: a profusion of wallpaper with delicate patterns; funky bamboo pendants and patterned textiles.

“Cheap and cheerful,” she calls it.

It is a special house under normal circumstances, but after months of sheltering in place with husband Dan Martin and their four cats, Myrin appreciates the tiny bungalow more than ever.

“It’s nice to live in a happy space, especially when things are tough,” she says.

Many of us are sick of looking at our interiors as the pandemic stretches on with no end in sight, but Myrin’s home is the inspiration we need: You don’t need to spend a lot of money to make a big

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