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This Former Dividend King Just Agreed to Be Bought Out.
The combined company expects $50 million in annual cost synergies and 175 manufacturing facilities across 36 countries.
Summary by 247wallst.com
9 Articles
9 Articles
This Former Dividend King Just Agreed to Be Bought Out.
The post This Former Dividend King Just Agreed to Be Bought Out. appeared first on 24/7 Wall St.. Quick Read Leggett & Platt (LEG) agreed to be acquired by Somnigroup International (SGI) in a $2.5 billion all-stock deal, with shareholders receiving 0.1455 SGI shares per LEG share and owning about 9% of the combined company valued at $11.2 billion in projected 2025 net sales. The deal includes $50 million in annual run-rate cost synergies to be…
·New York, United States
Read Full ArticleAccording to the Somnigroup, the acquisition will continue its strategy of vertical integration, allowing closer collaboration between component engineering and colchon design
·Brazil
Read Full ArticleCoverage Details
Total News Sources9
Leaning Left1Leaning Right1Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
Factuality
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