Somnigroup proposes to acquire Leggett & Platt for $12/share in all-stock deal with 30.3% premium

SOMNIGROUP INTERNATIONAL INC.

Proposed consideration: shares of SGI stock valued at $12.00 per LEG share, a 30.3% premium over 30-day average price.
All-stock transaction not subject to financing contingency or SGI shareholder approval; requires LEG shareholder and regulatory approvals.
Somnigroup expects the combination to be accretive before synergies; LEG would operate independently under SGI umbrella.
Response requested by December 22, 2025; proposal unanimously authorized by SGI Board.

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