Tag Archives: Furniture

Pavlo Gonchar / SOPA Images / LightRocket via Getty Images Shares of Steelcase were down 14% this year entering trading Monday Shares of Steelcase (SCS) soared more than 50% Monday morning after the office furniture maker agreed to be acquired by HNI Corporation (HNI) for $2.2 billion in cash and stock. Shareholders of Grand Rapids, Mich.-based Steelcase would receive $7.20 …

Shares of Steelcase (SCS) soared more than 50% Monday morning after the office furniture maker agreed to be acquired by HNI Corporation (HNI) for $2.2 billion in cash and stock. Shareholders of Grand Rapids, Mich.-based Steelcase would receive $7.20 in cash and 0.2192 shares of HNI common stock for each Steelcase share they own, with an implied purchase price of …