Steelcase Stock Skyrockets as Office Furniture Company Agrees to Sale | NYGazet

Shares of Steelcase soared more than 50% Monday morning after the office furniture maker agreed to be acquired by HNI Corporation for $2.2 billion in cash and stock.

Shares of Steelcase (SCS) soared more than 50% Monday morning after the office furniture maker agreed to be acquired by HNI Corporation (HNI) for $2.2 billion in cash and stock. Shareholders of Grand Rapids, Mich.-based Steelcase would receive $7.20 ... [1470 chars]