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HNI, Steelcase Merger Gets Shareholder Nod
9 Dec
Summary
- Shareholders overwhelmingly approved the merger of HNI Corporation and Steelcase.
- The merger agreement, initially set on August 3, 2025, will conclude on December 10, 2025.
- HNI Corporation recently declared a dividend of $0.34 per common unit share.
Shareholders of HNI Corporation and Steelcase Inc. have decisively voted in favor of a merger, marking a critical step toward the companies' consolidation. The merger agreement, originally agreed upon on August 3, 2025, is now slated for finalization on December 10, 2025, following this overwhelming shareholder approval.
The voting results, which will be detailed in a Form 8-K submission to the U.S. SEC, indicate robust support for the transaction from both HNI and Steelcase stockholders. This mutual agreement underscores a shared vision for the combined entity.
In parallel with the merger proceedings, HNI Corporation recently announced its quarterly dividend. Shareholders received $0.34 per common unit share on December 1, reflecting the company's ongoing commitment to returning value to its investors.
