Steelcase Sets December 4 Election Deadline for Shareholder Merger Consideration Choices
HNI and Steelcase have set a December 4, 2025, deadline for Steelcase shareholders to choose their form of consideration in the pending merger. Shareholders can opt for cash, stock, or a mixed consideration. Those not electing by the deadline will receive 0.2192 HNI shares and $7.20 in cash per Steelcase share. The allocation is subject to adjustment to maintain the merger agreement terms.
HNI and Steelcase have announced the election deadline for Steelcase shareholders regarding the form of consideration in their pending merger. Shareholders may choose between cash, stock, or a mixed consideration for their Steelcase shares. The election deadline has been set for 5:00 p.m. Eastern Time, on December 4, 2025. Those who do not submit their election forms by the deadline will automatically receive a combination of 0.2192 shares of HNI common stock and $7.20 in cash for each Steelcase share. The final allocation of cash and stock will be subject to adjustment to ensure the overall transaction terms remain consistent with the mixed consideration outlined in the merger agreement. This update was disclosed by HNI. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Steelcase Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-294589), on November 25, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
