---
schema_version: "secwatch.filing_event.v1"
accession: "0001206264-26-000048"
form_type: "8-K"
ticker: "SGI"
cik: "0001206264"
company_name: "SOMNIGROUP INTERNATIONAL INC."
filed_at: "2026-04-13T23:59:59+00:00"
generated_at: "2026-05-15T06:32:56.436006+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Somnigroup to acquire Leggett & Platt in all-stock merger; exchange ratio 0.1455

## Summary
- Each LEG share converts to 0.1455 shares of SGI common stock; no cash consideration except for fractional shares.
- Deal valued based on SGI closing price; boards of both companies unanimously approved.
- Closing conditions include LEG stockholder approval, HSR clearance, and no material adverse change.
- Termination fees: $64M payable by LEG for superior proposal; $80M payable by Somnigroup for antitrust failure.
- Equity awards converted: options assumed, RSUs converted, PSUs vest at 200% of target with exchange ratio.

## SEC filing metadata
- accession: 0001206264-26-000048
- form_type: 8-K
- ticker: SGI
- cik: 0001206264
- company_name: SOMNIGROUP INTERNATIONAL INC.
- filed_at: 2026-04-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1206264/000120626426000048/0001206264-26-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1206264/000120626426000048/sgi-20260413.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206264-26-000048
- JSON: https://secwatch.observer/filing/0001206264-26-000048.json
- Plain text: https://secwatch.observer/filing/0001206264-26-000048.txt

## Source-grounded claims
- claim_id: 1cba07857bf6f754b17be3f0d1df41aff6c9ef82
  claim: SOMNIGROUP INTERNATIONAL INC. entered into Agreement and Plan of Merger with Leggett & Platt, Incorporated (effective 2026-04-13).
  evidence_excerpt: On April 13, 2026, Somnigroup International Inc., a Delaware corporation ("Somnigroup") entered into an Agreement and Plan of Merger (the "Merger Agreement"), with Leggett & Platt, Incorporated, a Missouri corporation ("Leggett & Platt") and Sparrow Unity Corporation, a Missouri corporation and direct, wholly owned subsidiary of Somnigroup ("Merger Sub"), pursuant to which, subject to the terms and conditions of the Merger Agreement, Merger Sub will merge with and into Leggett & Platt (the "Merger"), with Leggett & Platt surviving the Merger as a direct wholly owned subsidiary of Somnigroup.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1206264/000120626426000048/0001206264-26-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.