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Somnigroup International Inc. proposed to acquire Leggett & Platt, Incorporated for $1.6 billion.
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Somnigroup International Inc. (NYSE:SGI) proposed to acquire Leggett & Platt, Incorporated (NYSE:LEG) for $1.6 billion on December 1, 2025. The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by acquirer board, approval of offer by target shareholders and consummation of due diligence investigation. Goldman Sachs & Co. LLC acted as financial advisor for Somnigroup International Inc. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor for Somnigroup International Inc.
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