HNI begins exchange offer for Steelcase notes ahead of acquisition
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HNI Corporation Commences Exchange Offer and Consent Solicitation
September 26, 2025 2:39 PM UTCMUSCATINE, Iowa, Sept. 26, 2025 (GLOBE NEWSWIRE) -- On August 4, 2025, HNI Corporation (NYSE: HNI; HNI or the Corporation) announced a definitive agreement to acquire Steelcase, Inc. (NYSE: SCS; Steelcase) in a cash and stock transaction (the Acquisition). The companies complementary brand portfolios, dealer networks, and industry segments are expected to enhance customer reach and enable the combined company to accelerate strategic initiatives to better serve customers and drive long-term profitable growth. On a pro forma basis, the combined company had net sales of approximately $5.7 billion for the year ended December 28, 2024. HNI is targeting for the Acquisition to close in the fourth quarter of the... More
