CSC Generation Submits Proposal to Acquire Flexsteel Industries for $20.80 Per Share in Cash
CSC Generation Holdings, Inc. today released the below correspondence sent to Flexsteel Industries, Inc. (NASDAQ:FLXS), which details CSC's $20.80 per share all-cash acquisition proposal.
August 24, 2022
The Board of Directors
Flexsteel Industries, Inc.
385 Bell Street
Dubuque, IA 52001-0877
Members of the Board of Directors:
As you know, CSC Generation Holdings, Inc. (together with its affiliates, "CSC" or "we") is a meaningful shareholder of Flexsteel Industries, Inc. ("Flexsteel" or the "Company"). We are disappointed that the Board of Directors of the Company (the "Board") has failed to respond to our recent acquisition proposal. We continue to firmly believe that the Company's perf
