HNI & Steelcase shareholders approve acquisition proposal; Closing date set for Dec 10, 2025.
Shareholders of HNI Corporation and Steelcase Inc. have approved proposals related to HNI’s planned acquisition of Steelcase. The acquisition, pending finalization, will involve a significant transaction valued at approximately $2.4 billion. The approval from the shareholders marks a crucial step forward in the process of merging the two corporations. The companies, based in Muscatine, Iowa, and Grand Rapids, Michigan, respectively, are working towards a successful completion of the acquisition deal.
