A Steelcase shareholder is suing the office furniture giant to block its pending $2.2 billion sale to HNI Corp., alleging the deal is unfair to shareholders and tainted by conflicts of interest.

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Shareholder sues to block vote on $2.2 billion sale

Dean Drulias, the plaintiff, seeks to block the shareholder vote planned for Dec. 5 until alleged conflicts of interest are fully disclosed. Steelcase in a statement said it “remains on track to complete a shareholder vote on Dec. 5 and close the transaction in mid-December.”

Lawsuit alleges significant undervaluation of Steelcase

The complaint argues the sale price of $18.30 per share is “unfair, inadequate and does not accurately reflect Steelcase’s actual value.” The suit highlight

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