Somnigroup Announces Merger Agreement with Leggett & Platt

Summary

On April 13, 2026, Somnigroup International Inc. announced the execution of a Merger Agreement with Leggett & Platt, Incorporated. Under the terms of the agreement, Leggett & Platt will merge with and into Somnigroup, with Somnigroup surviving as the direct, wholly owned subsidiary of Leggett & Platt. The merger is subject to certain conditions, including shareholder approval and regulatory clearances. Each share of Leggett & Platt common stock will be converted into the right to receive 0.1455 shares of Somnigroup common stock and, if applicable, cash in lieu of fractional shares. The transaction is expected to close by April 13, 2028, subject to extensions. Termination fees are stipulated in the event of certain breaches or failures to close.