Kimball International (NASDAQ: KBAL) shares are trading higher on Wednesday after HNI Corporation announced it will acquire the company for $485 million.
Gainers
Kimball International, Inc. (NASDAQ: KBAL) shares jumped 84.9% to $12.40 after HNI Corporation announced it will acquire the company for $485 million.
U.S. stocks traded mixed midway through trading, with the Dow Jones dropping more than 100 points on Wednesday.
The Dow traded down 0.37% to 32,733.54 while the NASDAQ rose 0.15% to 11,547.91. The S&P 500 also fell, dropping, 0.02% to 3,985.60.