Steelcase Approaches Merger Deadline with HNI Corporation

Steelcase ( (SCS) ) has shared an update.

On August 3, 2025, Steelcase Inc. entered into a merger agreement with HNI Corporation, involving a two-step merger process. The deadline for Steelcase shareholders to elect their preferred form of merger consideration is set for December 4, 2025. The completion of the transaction is pending shareholder approval and other customary conditions. The merger is expected to impact the operations and market positioning of both companies, with potential risks and uncertainties highlighted in the announcement.

The most recent analyst rating on (SCS) stock is a Buy with a $18.50 price target. To see the full list of analyst forecasts on Steelcase stock, see the SCS Stock Forecast page.

Spark’s Take on SCS Stock

According to Spark, TipRanks’ AI Analyst, SCS is a Outperform.

Steelcase’s overall stock score is driven by strong earnings performance and positive technical indicators. The company’s record revenue and earnings growth, particularly in the Americas and International segments, are significant strengths. However, financial performance is hindered by cash flow challenges, and valuation metrics suggest the stock may be overvalued. The positive earnings call sentiment further supports the stock’s potential, despite regional challenges and restructuring costs.

To see Spark’s full report on SCS stock, click here.

More about Steelcase

Steelcase Inc. is a global design and thought leader in the work environment, focusing on the research, design, and manufacturing of furnishings and solutions for offices, homes, and learning and health environments. HNI Corporation is a manufacturer of workplace furnishings and residential building products, known for its commercial furnishings and hearth products.

Average Trading Volume: 1,562,482

Technical Sentiment Signal: Buy

Current Market Cap: $1.83B

For a thorough assessment of SCS stock, go to TipRanks’ Stock Analysis page.