The deal calls for Flexsteel to pay DMI stockholders $3.30 a share and for Flexsteel to assume DMI’s $27 million in outstanding debt. DMI, and importer and marketer of residential and commercial office furniture, will be operated of an independent business unit of Flexsteel and its headquarters will remain in Louisville.

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Other sources include Klaussner, Standard, Robert Michael Upholstery and Oakwood Interiors. Furniture and bedding accounted for 95% of 2003 total sales; decorative accessories, 5%. Family-owned,

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