Knoll Inc., the Montgomery County workplace furniture and textile manufacturer, said Tuesday it will acquire a Scandinavian designer and seller of “affordable luxury furniture” for approximately $300 million. The company said Tuesday that it intends to fund the acquisition of Muuto through a combination of cash on hand and borrowing. The acquisition of Muuto of Copenhagen, Denmark, will create value for Knoll, a public company, of up to 30 cents per share by 2021. Knoll said it expects to complete the transaction next month. Muuto will continue to operate as an independent company headquartered in Copenhagen, according to a news release. It was not immediately clear what the acquisition will mean for area operations. Company spokesman David E. Bright did not immediately respond to a message seeking comment. Company officials will hold a conference call at 10 a.m. Wednesday to discuss the deal. Knoll employs approximately 3,400 people worldwide as of 2016, including 850 … [Read more...] about Montgomery County furniture maker Knoll to acquire Scandinavian company for $300 million
Montgomery county
Builder to debut huge clubhouse at 55-and-up community in south Montgomery County
Darla Guillen, Houston Chronicle Updated 3:43 pm, Wednesday, September 7, 2016 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-5', placement: 'Interstitial Gallery Thumbnails 5', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-10', placement: 'Interstitial Gallery Thumbnails 10', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-12', placement: 'Interstitial Gallery Thumbnails 12', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Courtesy Image 1of/12 CaptionClose Image 1 of 12 Taylor Morrison's clubhouse at Bonterra at … [Read more...] about Builder to debut huge clubhouse at 55-and-up community in south Montgomery County
Montgomery County Council OKs property tax prepayment in emergency vote
The Montgomery County Council approved Tuesday an emergency measure to allow residents to prepay their 2018 property taxes.The move was a new tax-cut law that caps at a total of $10,000 deductions for state and local property taxes and charitable contributions. President Trump signed the law Friday.The council voted to allow residents to prepay their 2018 taxes now before the deduction cap applies.Payments must be mailed by Dec. 31. The tax-cut law goes into effect on Jan. 1.The county’s Finance Department said residents can pay by cash or check, and encourages residents to mail their payments. The Finance Department posted a checklist of documents property owners need to submit the pre-payment.Other jurisdictions have accepted property tax prepayments for years, including the District and Alexandria, as well as Fairfax, Loudoun and Arlington counties. Howard County announced last week its residents could prepay their 2018 property tax. … [Read more...] about Montgomery County Council OKs property tax prepayment in emergency vote
Now homeowners can rush to prepay property taxes in Montgomery County too
The Montgomery County Council broke its winter recess Tuesday to pass a bill allowing residents to prepay 2018 property taxes, a last-minute chance for homeowners in Maryland’s largest jurisdiction to mitigate the impact of a new federal cap on tax deductions. Last week, the council went back and forth over whether it would rush to make the prepayment option — offered for years in Northern Virginia and elsewhere — available in the suburb of about 1 million people. After an outpouring of interest from wealthy and middle-income homeowners, Council President Hans Riemer (D-At Large) announced Saturday that the council would hold a public hearing and vote on the bill the day after Christmas — a move multiple lawmakers called “unprecedented.” “Everybody here is making a good-faith effort to respond to a situation that was created by Congress,” said council member George L. Leventhal (D-At Large). “Everyone is scrambling at the last … [Read more...] about Now homeowners can rush to prepay property taxes in Montgomery County too
Police officer, civilian injured in collision in Montgomery County
An officer was hospitalized after a collision Tuesday in Montgomery County, police said. About 12:15 p.m., officers arrived at Olney Sandy Spring Road and Village Center Drive in Olney in response to a report of a collision, a spokesman for the county police said. Details about the collision were not immediately available, the spokesman said, but one officer and one civilian were taken to a trauma center. In a Twitter message, Montgomery County Fire and Rescue Service spokesman Pete Piringer said their injuries “should be non-life-threatening.” … [Read more...] about Police officer, civilian injured in collision in Montgomery County
Montgomery County passes expedited bill allowing prepayment of property taxes
The Montgomery County Council broke its winter recess Tuesday to pass a bill allowing residents to prepay 2018 property taxes, a last-minute chance for homeowners in Maryland’s largest jurisdiction to mitigate the impact of a new federal cap on tax deductions. Last week, the council went back and forth over whether it would rush to make the prepayment option — offered for years in Northern Virginia and elsewhere — available in the suburb of about 1 million people. After an outpouring of interest from wealthy and middle-income homeowners, Council President Hans Riemer (D-At Large) announced Saturday that the council would hold a public hearing and vote on the bill the day after Christmas — a move multiple lawmakers called “unprecedented.” “Everybody here is making a good-faith effort to respond to a situation that was created by Congress,” said council member George L. Leventhal (D-At Large). “Everyone is scrambling at the last … [Read more...] about Montgomery County passes expedited bill allowing prepayment of property taxes
Group gifts search drone to Montgomery County Sheriff
MONTGOMERY, Ala. (AP) - The Montgomery County Sheriff has a new eye in the sky thanks to a holiday gift from the Alzheimer’s and Autism Outreach Group.AOG donated a search and rescue drone, a standard kit modified with specialized thermal imaging technology, to the sheriff’s office. Though the drone can be used in a number of emergency response situations, AOG’s mission is to help those suffering from conditions that can cause individuals to leave home unable to find their way back.“This is another tool in our arsenal that will allow us to bring loved ones home,” Montgomery County Sheriff Derrick Cunningham said.AOG gifted its first Inspire Drone to the Dallas County Sheriff’s office in July 2016 and hopes to eventually outfit more sheriff’s offices around the state.For Executive Director Oscar Wayne Calloway, AOG’s mission is personal. His family founded the group after his grandmother and mother both suffered from … [Read more...] about Group gifts search drone to Montgomery County Sheriff
Christmas Eve killing in Montgomery County
A young man was shot and killed on Christmas Eve in Silver Spring, authorities said. The victim was 18-years old, the county police said. He was found about 6:30 p.m.in the 1000 block of Quebec Terrace, said Capt. Paul Starks, the Montgomery County police spokesman. He said police were sent there to respond to a call about the sound of shots and an assault in progress. No motive was given in the shooting. Police searched the area for an attacker, but said no one was found. … [Read more...] about Christmas Eve killing in Montgomery County
In a U-turn, Montgomery County Council will expedite bill to allow prepayment of property taxes
The Montgomery County Council, which only two days ago said it would not rush to pass legislation enabling residents to prepay their 2018 property taxes, now plans to hold a special session the day after Christmas to do just that. The will-they-won’t-they saga began Dec. 19 when Council Member Roger Berliner (D-Potomac-Bethesda) urged the county to pass a law that would allow homeowners to prepay their 2018 property taxes so they could deduct those taxes in full, before a new cap takes effect next year as mandated by a tax law passed by Congress last week. At the time, Berliner said the council would have to retroactively pass a law in January enabling the county to collect early payments by the end of 2017. In a matter of days, that plan fizzled, with Council President Hans Riemer (D-At Large), among other lawmakers, noting administrative hassles and legal questions that couldn’t be fully worked out by the end of the year. In an interview Thursday, Riemer said the … [Read more...] about In a U-turn, Montgomery County Council will expedite bill to allow prepayment of property taxes
Cumberland River rising, could overflow in Montgomery County
The National Weather Service is warning of major flooding along the Red River in Montgomery County, potentially causing flooding on secondary roads.In Port Royal, the river was already 5 feet above its 30-foot flood stage as of midday. It's expected to reach 41 feet by Friday evening before falling below flood stage on Saturday night, according to NWS meteorologist Sam Herron.The agency has also issued a flood warning for the Cumberland River in Clarksville, though water there is expected to reach minor flooding stage.Herron said the Cumberland was rising throughout the day Friday, expected to cross its flood stage of 46 feet later this evening as the water reaches an anticipated 49 feet.In Stewart County, additional flooding is expected along the Cumberland in Dover, as NWS expects the river to just cross its flood stage late Friday before dropping again on Saturday. More: Harvey rain forces 5 Clarksville area high school football games to APSU In Clarksville, the banks … [Read more...] about Cumberland River rising, could overflow in Montgomery County