Brief: Steelcase To Acquire Halcon, Maker Of Finely Crafted Wood Furniture For The Modern Workplace

Steelcase

05/05/2022 13:35

May 5 (Reuters) - Steelcase Inc  SCS.N :
    * STEELCASE TO ACQUIRE HALCON, MAKER OF FINELY CRAFTED WOOD
FURNITURE FOR THE MODERN WORKPLACE
    * STEELCASE INC-  DEAL INVOLVES ACQUISITION OF ALL
OUTSTANDING
EQUITY INTERESTS IN HALCON FOR $127.5 MILLION
    * STEELCASE INC-DEAL INCLUDES ADJUSTMENT FOR WORKING CAPITAL
AND
POTENTIAL ADDITIONAL CONSIDERATION OF UP TO $9.5 MILLION PAYABLE
TO SELLER OVER 3 YEARS
    * STEELCASE INC- INTENDS TO FUND ACQUISITION USING CASH ON
HAND
AND AVAILABILITY UNDER ITS CREDIT FACILITY, AS NEEDED

Source text for Eikon:  ID:nGNX6qzW05 
Further company coverage:  SCS.N