Tracking the Pivotal Point of Steelcase: What Lies Behind the 60% Price Jump of the Office Furniture Manufacturer?
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The shares of the office furniture manufacturer Steelcase experienced a massive price jump on August 4, 2025, after it was announced that the competitor HNI Corporation intends to acquire the company in a deal worth approximately $2.2 billion. The stock price of Steelcase rose by over 62% on that day. The company is a global market leader that has been developing and distributing office furniture, architectural solutions, and technology products for over 100 years. Steelcase benefits from the global demand for flexible and modern work environments,...
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