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Middle Coast Investing’s Q3 2025 letter states Steelcase agreed to merge with HNI, with Steelcase shareholders owning 36% of the combined company. The deal includes $7.20 per share in cash from HNI as part of the exchange. Middle Coast says the merger makes strategic sense, that Steelcase did not shop itself widely, and it will retain its position rather than sell immediately. » Mere på finance.yahoo.com

Steelcase shares rose to a 52-week high of $17.26 and have gained 60% over the past six months (year-to-date gain about 30.7%). Investors point to a solid balance sheet: Current Ratio 1.66, EBITDA $137 million, moderate indebtedness and a dividend paid for 28 years (yield 2.33%). In Q2 of fiscal 2026, Steelcase beat expectations with EPS of $0.45 (expectation $0.37) and revenue of $897 million (expectation $873.6 million). At the same time, HNI announced an exchange offer for all outstanding Steelcase bonds in connection with the planned takeover, including an early-bird cash premium of $2.50 per $1,000 face value. » Mere på de.investing.com

Steelcase reported Q2 EPS of $0.45 versus $0.37 expected and revenue of $897 million (+5% YoY), beating analysts’ estimates. Adjusted operating margin rose to 8.4% and organic growth was 4% (8% internationally), driven by strong demand in India and China. Despite the results, the stock fell 1.13% in after-hours trading to $16.68; reasons cited include investor caution over restructuring costs, macroeconomic risks and the upcoming merger with HNI Corporation. » Mere på de.investing.com

Steelcase shares soared over 45% after the company agreed to be acquired by HNI Corporation in a $2.2 billion cash and stock deal, representing a nearly 80% premium to its previous closing price. The transaction, expected to close by year-end, will see Steelcase shareholders receive cash and HNI stock, owning about 36% of the combined company. The merger aims to expand the firms' reach across various industry segments and enhance growth opportunities. » Mere på finance.yahoo.com

Steelcase shares reached a new 52-week high after the company reported strong quarterly results, with earnings and revenue surpassing expectations. Additionally, HNI Corporation announced the acquisition of Steelcase for $2.2 billion, underscoring confidence in the office furniture maker's future. Analysts reaffirmed their buy recommendations and raised their price targets for Steelcase stock. » Mere på de.investing.com