Flexsteel tender offer draws 92% of DMI common stock
By Furniture Today Staff -- Furniture Today, September 29, 2003
Dubuque, Iowa — Upholstered furniture manufacturer Flexsteel said nearly 4 million shares of furniture maker DMI's common stock, about 92% of outstanding shares, had been tendered as the initial tender offer expired at midnight on Sept. 17.
Flexsteel is offering an additional tender period through 5 p.m. EDT on Wednesday, Oct. 1. DMI stockholders who tender their shares will be paid the same $3.30 per share paid during the initial offering period.
Shares of DMI stock tendered during the subsequent offering period may not be withdrawn.
