LEGGETT & PLATT INC [LEG] - Leggett & Platt / Somnigroup merger
Leggett & Platt will merge with Somnigroup International, with shareholders receiving 0.1455 shares of Somnigroup common stock for each share of Leggett & Platt common stock held at the effective time of the merger.
Why this matters
Leggett & Platt, a Missouri-based company operating in the household furniture industry, is set to merge with Somnigroup International. This merger comes as part of a strategic review process, with Leggett & Platt's management and advisors evaluating various strategic alternatives, including the Somnigroup Public Proposal. Under the terms of the merger, Leggett & Platt shareholders will receive 0.1455 shares of Somnigroup common stock for each share of Leggett & Platt common stock they hold at the effective time of the merger.