Leggett & Platt to be acquired by Somnigroup International in all-stock merger

Filed April 13, 2026 · Period ending April 13, 2026 · ~1 min read

Key Changes

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  Leggett & Platt shareholders will receive 0.1455 shares of Somnigroup International stock for each LEG share owned in an all-stock merger expected to qualify as tax-free reorganization. Transaction approved by both boards.

  Item 1.01: Merger Agreement verify on EDGAR →
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  Upon closing, LEG stock will be delisted from NYSE and deregistered, ending its existence as a publicly traded company. LEG will become a wholly owned subsidiary of Somnigroup.

  Item 1.01: Delisting verify on EDGAR →
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  Deal includes $80M termination fee payable by Somnigroup if merger fails due to regulatory approval issues, and $64M fee payable by Leggett & Platt if its board accepts a superior competing offer.

  Item 1.01: Termination Fees verify on EDGAR →