HNI Corporation's Schedule 13D Filing for Steelcase Inc.

HNI Corporation filed a Schedule 13D with the SEC regarding its acquisition of Steelcase Inc. The filing outlines the details of the merger agreement, which involves HNI acquiring control of Steelcase through two mergers. The first merger will merge a subsidiary of HNI with Steelcase, and the second will merge Steelcase with another HNI subsidiary. The merger consideration includes a mix of cash and HNI common stock, with options for shareholders to choose cash, stock, or a combination. The filing also details the treatment of Steelcase's equity awards, representations and warranties, and conditions for completing the mergers. Additionally, HNI entered into voting agreements with key shareholders to secure their support for the merger. The filing provides comprehensive information on the transaction, including the governance changes post-merger and the termination conditions of the merger agreement.