secwatch.observer — SEC 8-K summary
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Issuer:     SOMNIGROUP INTERNATIONAL INC. (SGI)
CIK:        0001206264
Form:       8-K
Filed at:   2026-04-13T23:59:59+00:00
Accession:  0001206264-26-000048
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1206264/000120626426000048/0001206264-26-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1206264/000120626426000048/sgi-20260413.htm
  HTML page:      https://secwatch.observer/filing/0001206264-26-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer