Steelcase Inc. announces an Equity Buyback for $150 million worth of its shares.
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.