NYSE:LEGConsumer Durables
Leggett & Platt’s US$2.5b Somnigroup Deal And What Valuation Signals
Somnigroup International has agreed to acquire Leggett & Platt in an all stock transaction valued at $2.5 billion.
Leggett & Platt shareholders are set to receive Somnigroup stock, with Leggett & Platt continuing as a standalone business unit.
The deal has unanimous board approval and is targeted to close by year end 2026, subject to shareholder and regulatory approvals.
For investors watching NYSE:LEG, this deal comes as the stock trades around $11.35 after a mixed longer term record. The...


