US EditionSomnigroup Makes $1.6 Billion Offer to Buy Leggett & Platt
Somnigroup offers Leggett & Platt shareholders Somnigroup stock valued at $12 per share, a 30.3% premium based on the 30-day average, enabling tax-deferred growth participation.
- Submitting an all-stock bid, Somnigroup proposed to acquire all Leggett & Platt shares on Dec. 1, 2025, offering stock valued at $12.00 per share with a 30.3% premium.
- Somnigroup said the offer represents approximately 17.0% premium to the Nov. 28, 2025 closing price and offers Leggett & Platt shareholders tax‑deferred growth participation.
- Goldman Sachs & Co. is Somnigroup's financial advisor and Cleary Gottlieb Steen & Hamilton LLP its legal advisor, with due diligence expected to complete promptly.
- Somnigroup requested a response by December 22, 2025, and said completion depends on definitive agreements, Leggett & Platt shareholder approval, regulatory clearances, and possible SEC filings.
- A combined company would aim to capture strategic advantages and efficiencies by joining Leggett & Platt with Tempur Sealy and its bedding retailers, delivering significant value to Leggett & Platt shareholders and accretion before synergies, Somnigroup said.
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PR Newswire
Somnigroup Proposes to Acquire Leggett & Platt in All-Stock Transaction
/PRNewswire/ -- Somnigroup International Inc. (NYSE: SGI, "Company" or "Somnigroup") today announced that it submitted a proposal to the Board of Directors of...
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Dallas InnovatesNorth Texas' Somnigroup Seeks To Acquire Leggett & Platt in Deal Worth Around $1.6B
Dallas Innovates, Every Day: Here's what's new + next in North Texas. Somnigroup International—which was created last February via Tempur Sealy International’s $5 billion acquisition of Mattress Firm, and which in May announced plans to open new corporate headquarters in Dallas—is proposing yet another billion-dollar deal which could see the company grow even larger.…The post North Texas’ Somnigroup Seeks To Acquire Leggett & Platt in Deal Worth…
Somnigroup to acquire Leggett & Platt in $1.6 billion deal - CEO North America
Somnigroup International Inc. today announced it has made an offer to acquire Leggett & Platt for approximately $1.63 billion in an all-stock transaction, a move that would expand its bedding empire by adding the adjustable-bed and mattress-spring manufacturer. Under the terms of the Proposal, Leggett & Platt shareholders would receive shares of Somnigroup common stock valued at $12.00 for each share of Leggett & Platt common stock, based on a f…
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