Steelcase Stock Soars 47.45% on HNI Acquisition

On August 4, 2025, Steelcase's stock surged by 47.45% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Steelcase's stock price experienced a dramatic increase following HNI's announcement of a $2.2 billion acquisition. Under the terms of the agreement, Steelcase shareholders will receive $7.20 in cash and 0.2192 shares of HNI common stock for each share of Steelcase they own. This acquisition is expected to create a leading global provider of office furniture and related products, with a combined portfolio that includes Steelcase's iconic office furniture and HNI's diverse range of products.

The acquisition is expected to close in the first half of 2026, subject to regulatory approvals and other customary closing conditions. The combined company will have a strong presence in the office furniture market, with a combined portfolio that includes Steelcase's iconic office furniture and HNI's diverse range of products. The acquisition is expected to create significant value for shareholders, with the combined company expected to generate significant cost synergies and revenue growth opportunities.