secwatch.observer — SEC 8-K summary
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Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2026-04-13T23:59:59+00:00
Accession:  0001193125-26-151966
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312526151966/0001193125-26-151966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312526151966/d38467d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-151966

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