Steelcase Shareholders Approve Merger with HNI Corporation

Steelcase ( (SCS) ) has issued an update.

On December 5, 2025, Steelcase Inc. held a special meeting where shareholders approved a merger proposal with HNI Corporation, marking a significant step towards HNI’s acquisition of Steelcase. The transaction is expected to close on December 10, 2025, pending customary closing conditions. However, a proposal related to executive compensation was not approved. This merger positions Steelcase as a wholly owned subsidiary of HNI, potentially enhancing its market reach and operational capabilities.

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 leader in the design and manufacture of furniture and solutions for work environments, including offices, homes, and learning and health spaces. The company collaborates with over 30 creative and technology partner brands and operates through a network of expert dealers in approximately 790 locations worldwide.

Average Trading Volume: 1,523,019

Technical Sentiment Signal: Buy

Current Market Cap: $1.86B

See more insights into SCS stock on TipRanks’ Stock Analysis page.