Somnigroup Buys Leggett & Platt for $2.5 Billion in All-Stock Deal
Somnigroup is buying Leggett & Platt in a $2.5B stock deal to cut costs, grow faster, and expand beyond mattresses.
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Somnigroup is buying Leggett & Platt in a $2.5B stock deal to cut costs, grow faster, and expand beyond mattresses.
Somnigroup International has offered to acquire Leggett & Platt in a $1.63B all-stock deal, representing a 17% premium. Leggett & Platt’s board is reviewing the unsolicited proposal.