Hni corporation to acquire steelcase inc.

Muscatine, iowa & grand rapids, mich.--(business wire)--hni corporation (nyse: hni) and steelcase inc. (nyse: scs) today announced that they have entered into a definitive agreement under which hni will acquire steelcase in a cash and stock transaction, with a total consideration of approximately $2.2 billion to steelcase common shareholders. under the terms of the agreement, steelcase shareholders will receive $7.20 in cash and 0.2192 shares of hni common stock for each share of steelcase they.
SCS Ratings Summary
SCS Quant Ranking