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

1. Investigation into Steelcase for possible fiduciary duty breaches. 2. Steelcase shareholders will receive $7.20 cash plus HNI shares. 3. Transaction valued at $2.2 billion, implying $18.30 per share. 4. Investigation questions board conduct regarding shareholder duties. 5. Transaction imposes penalties on competing bids for Steelcase.

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FAQ

Why Bearish?

Concerns over fiduciary duties can erode investor confidence, impacting share value. Historical cases show similar investigations led to stock declines.

How important is it?

Shareholder investigations often result in stock price volatility. Given Steelcase's situation, the chances of price impact are significant.

Why Short Term?

Immediate impacts due to current investigation; potential longer-term effects depend on outcomes. Previous investigations had quick market responses.

Related Companies

HNIHNI Corporation
, /PRNewswire/ -- The Ademi Firm is investigating 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 [email protected] 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. Contacts Ademi & Fruchter LLPGuri AdemiToll Free: (866) 264-3995Fax: (414) 482-8001 SOURCE Ademi LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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