Somnigroup to acquire Leggett & Platt in ~$2.5B all-stock deal; exchange ratio 0.1455

LEGGETT & PLATT INC

Leggett & Platt shareholders receive 0.1455 Somnigroup shares per share, owning ~9% of combined company.
Deal valued at ~$2.5 billion based on Somnigroup's closing price on April 10, 2026.
Transaction expected to close by year-end 2026, subject to Leggett & Platt shareholder and regulatory approvals.
Parent pays $80M termination fee if deal fails due to regulatory issues; Company pays $64M fee for changing recommendation.
Leggett & Platt to operate as separate business unit within Somnigroup; both boards unanimously approved.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LEGGETT & PLATT INC entered into Agreement and Plan of Merger with Somnigroup International Inc. and Sparrow Unity Corporation (effective 2026-04-13).

Action: entry
Agreement: merger
Counterparty: Somnigroup International Inc. and Sparrow Unity Corporation
Effective: 2026-04-13

Exact text from the filing

On April 13, 2026, Somnigroup International Inc., a Delaware corporation (“ Parent ”), and Leggett & Platt, Incorporated, a Missouri corporation (the “ Company ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), by and among Parent, Sparrow Unity Corporation, a Missouri corporation and a direct, wholly owned subsidiary of Parent (“ Merger Sub ” and together with Parent, the “ Parent Parties ”), and the Company

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LEGGETT & PLATT INC filing history →

Source: SEC EDGAR

accession 0001193125-26-151966

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