HNI Corporation announced the final results of the Exchange Offer for the acquisition of Steelcase, Inc.
HNI received consents to amend the Steelcase indenture and eliminate certain covenants
The Exchange Offer expired on December 5, 2025, and the Acquisition is expected to close on December 10, 2025
Exchange Offer Results
Consents were received to amend the Steelcase indenture and eliminate covenants.
Expiration Date
Exchange Offer expired on December 5, 2025, with no valid tenders after that date.
Acquisition Approval
Shareholders of HNI and Steelcase approved the Acquisition.
- The Exchange Offer and Consent Solicitation were successful in securing the necessary consents and approvals for the Acquisition.
- The Acquisition is expected to enhance HNI Corporation's position in the market and expand its product offerings.
The successful Exchange Offer and Acquisition approval signify a positive development for HNI Corporation's growth and strategic expansion in the market.