Steelcase Inc. (NYSE:SCS) announces a share repurchase program. Under the program, the company will repurchase up to $150 of shares of common stock. The share repurchase program has no expiration date.

On October 27, 2017, the company initiated a Market Repurchase. The company has entered into a stock repurchase agreement with an independent third party broker under which the broker is authorized to repurchase up to 2,000,000 shares. The agreement was established in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The repurchases will be made during the period from October 27, 2017 through March 22, 2018.