Somnigroup to discuss all-stock acquisition of Leggett & Platt at $12/share, 30% premium

SOMNIGROUP INTERNATIONAL INC.

Leggett & Platt board authorized discussions and signed NDA to facilitate due diligence with Somnigroup.
Somnigroup reaffirms its all-stock proposal of $12 per share, a 30% premium to unaffected 30-day average price as of Dec 1, 2025.
No definitive agreement yet; transaction contingent on regulatory and Leggett & Platt shareholder approvals.
Goldman Sachs advises Somnigroup; Cleary Gottlieb is legal counsel; no financing contingency or SGI shareholder vote required.

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