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Shareholder Alert: The Ademi Firm continues to investigate whether Steelcase Inc. is obtaining a Fair Price for its Public Shareholders

1. Ademi Firm investigates Steelcase for possible fiduciary duty violations. 2. Shareholders will receive $7.20 in cash plus HNI stock in transaction. 3. HNI shareholders will control 64% post-transaction; Steelcase insiders gain benefits. 4. Transaction imposes penalties on Steelcase for accepting competing offers. 5. Investigation focuses on board compliance with fiduciary duties to shareholders.

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FAQ

Why Bearish?

Legal investigations often lead to increased uncertainty and risk perception among investors, impacting stock prices. Historical cases, like those involving corporate governance issues, typically see share prices decline amid legal inquiries.

How important is it?

Legal scrutiny and potential ramifications from the HNI transaction significantly affect investor sentiment and stock valuation. Historical patterns show high relevance of legal issues to stock performance, particularly in M&A contexts.

Why Short Term?

The investigation is likely to create immediate market reactions due to heightened scrutiny. Prior similar cases have influenced stock prices within weeks as new information emerges.

Related Companies

HNI

The Ademi Firm continues to investigate Steelcase (NYSE:SCS) for possible breaches of fiduciary duty and other violations of law in its transaction with HNI Corporation.

Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.

In the transaction, shareholders of Steelcase will receive $7.20 in cash and 0.2192 shares of HNI common stock for each Steelcase share owned in a transaction valued at approximately $2.2 billion. The implied per-share purchase price of $18.30 is based on HNI's closing share price of $50.62 on August 1, 2025. Upon closing, HNI shareholders will own approximately 64% and Steelcase shareholders will own approximately 36% of the combined company.

Steelcase insiders will receive substantial benefits as part of change of control arrangements.

The transaction agreement unreasonably limits competing transactions for Steelcase by imposing a significant penalty if Steelcase accepts a competing bid. We are investigating the conduct of the Steelcase board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Ademi & Fruchter LLP

Guri Ademi

Toll Free: (866) 264-3995

Fax: (414) 482-8001

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