Leggett and Platt rejects acquisition offer by Somnigroup

Leggett and Platt rejects acquisition offer by Somnigroup

CARTHAGE, Mo. — The board of directors of Leggett and Platt on Tuesday announced it has rejected an acquisition offer by Somnigroup.

Leggett & Platt enters into a non-disclosure agreement with Somnigroup

Components manufacturer Leggett & Platt has announced that its Board of Directors has entered into a customary non-disclosure agreement and 6-month standstill with global bed brand Somnigroup. The agreement is to facilitate customary due diligence and to determine if a transaction can be reached that delivers appropriate value and certainty to Leggett & Platt and its shareholders. Discussions between Leggett & Platt and Somnigroup follow the Leg…