Tag Archives: Steelcase

Steelcase Inc., the iconic office furniture company founded 113 years ago in Grand Rapids by Peter Martin Wege, will sell to long-time rival HNI Inc. in a $2.2 billion deal.  The two corporations this morning announced that they have signed a definitive agreement for a stock-and-cash deal that could close by the end of 2025, pending regulatory and shareholder approvals …

GRAND RAPIDS, MI — For many in Michigan’s Furniture City, HNI was likely an unfamiliar name. That changed, however, Monday morning, Aug. 4, when the Iowa-based company announced the $2.2 billion acquisition of Steelcase, one of West Michigan’s largest office furniture makers. While 32 years younger than its former rival, HNI gradually rose from humble beginnings to become one of …

Steelcase agrees to sell business to competitor in $2.2 billion deal  WZZM13.com West Michigan-based Steelcase to sell to Iowa company  FOX 17 West Michigan News HNI bets on return-to-office with $2.2 billion deal for furniture maker Steelcase  Reuters What the Steelcase deal means for the office furniture industry — and its hometown  Crain’s Grand Rapids HNI Corporation to Acquire Steelcase Inc.  Business Wire Source link

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 …

GRAND RAPIDS, MI — Grand Rapids’ biggest office furniture manufacturer is being acquired by another company in the same market. HNI Corporation and Steelcase Inc. on Monday, Aug. 4, announced that they have entered into a definitive agreement for HNI to acquire Steelcase in a cash and stock transaction, with a total consideration of approximately $2.2 billion to Steelcase common …

Steelcase to be sold to Iowa company in $2.2 billion deal  woodtv.com Steelcase to be acquired in $2.2B deal  MLive.com HNI Corporation to Acquire Steelcase Inc.  Business Wire HNI to acquire Steelcase for $2.2 billion (SCS:NYSE)  Seeking Alpha Why is SCS Stock Surging in Premarket Trading Today?  Tokenist Source link

HNI Corporation to Acquire Steelcase Inc.  Business Wire Building products maker HNI to acquire Steelcase for $2.2 billion  TradingView HNI to acquire Steelcase for $2.2 billion (SCS:NYSE)  Seeking Alpha Building products maker HNI to buy Steelcase in $2.2 billion deal  Reuters Steelcase to sell to rival HNI in $2.2B deal  Crain’s Grand Rapids Source link