NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (âKSFâ) are investigating the proposed sale of Steelcase Inc. (NYSE: SCS) to HNI Corporation (NYSE: HNI). Under the terms of the proposed transaction, shareholders of Steelcase will receive $7.20 in cash and 0.2192 shares of HNI common stock for each share of Steelcase that they own. KSF is seeking to determine whether this consideration and the
Related Questions
How will the deal affect the existing debt structure and leverage ratios for both Steelcase and HNI postâtransaction?
What is the likely reaction of institutional and retail shareholders to the offer, and what is the probability of the deal being accepted or rejected by shareholders?
What are the key regulatory and legal risks identified by KSFâs investigation, and how could they affect the timing or completion of the deal?
How will the merged companyâs market share and competitive positioning change versus competitors like Herman Miller, HNIâs other brands, and emerging eâfurniture players?
How might the transaction influence the valuation multiples (EV/EBITDA, P/E, price-to-cashâflow) for both SCS and HNI in the shortâterm and after closing?
How will the proposed $7.20 cash plus 0.2192 HNI shares per Steelcase share affect the fair value of the combined entity?
How will the transaction impact Steelcaseâs earnings per share (EPS) and dividend outlook in the near and long term?
What is the implied premium (or discount) to Steelcaseâs current market price and to comparable M&A transactions in the office furniture sector?
Are there any antitrust, regulatory, or shareholder litigation risks that could delay or block the transaction, and how are they being addressed?
What are the expected synergies (cost savings, revenue synergies) and integration costs, and how are they reflected in the transaction multiples?