CSC Generation to acquire Flexsteel Industries.

CSC Generation, a provider of private financing service, offered to acquire Flexsteel Industries, a provider of residential and commercial upholstered wooden furniture products. The proposal represents the price of a $20.8 per share in cash with a 22% premium. "CSC believes this proposal provides an attractive opportunity for shareholders to obtain immediate liquidity at a full value that exceeds what we believe the company can be expected to achieve in the coming years if it remains on its current standalone course in the public market. For shareholders, our proposal represents approximately a 22% premium over yesterday’s closing price of $17.1," CSC Generation.