Somnigroup to Acquire Supplier Leggett & Platt in Deal Worth $2.5B

Dow Jones04-13

Somnigroup agreed to acquire Leggett & Platt for $1.6 billion; including the assumption of debt, the total deal value is $2.5 billion. "Somigroup to Acquire Supplier Leggett & Platt in Deal Worth $2.5B" at 6:52 a.m. ET on April 13 and a subsequent update, as well as "Somnigroup CEO Says Leggett & Platt Deal Helps Navigate Supply Chain Issues, Diversify Revenue -- Interview" at 9:18 a.m. said Somigroup agreed to acquire Leggett & Platt in an all-stock deal worth $2.5 billion. Also, a previous offer, for $12 a share, valued Leggett & Platt at $1.64 billion. The earlier articles incorrectly said that offer had valued the company at $1.63 billion; it didn't include the per share price. Meanwhile, the recent offer implied a value of nearly $11.36 a share, based on Somnigroup's closing price on Friday. The earlier offer would have left Leggett & Platt shareholders owning 8% of the combined company. The earlier articles didn't include this information. The correct version follows:

(END) Dow Jones Newswires

April 15, 2026 17:32 ET (21:32 GMT)

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The correct version follows: \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 15, 2026 17:32 ET (21:32 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Somnigroup to Acquire Supplier Leggett & Platt in Deal Worth $2.5B</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSomnigroup to Acquire Supplier Leggett & Platt in Deal Worth $2.5B\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-13 19:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/SGI\">Somnigroup</a> agreed to acquire one of its suppliers, component manufacturer <a href=\"https://laohu8.com/S/LEG\">Leggett &amp; Platt</a>, in an all-stock deal worth $2.5 billion.</p><p>Leggett &amp; Platt shares jumped 7.1% in premarket trading, while Somnigroup fell 1.4%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0f57e125ceeb0915fd19fe74afdf8897\" tg-width=\"388\" tg-height=\"141\"/></p><p>Leggett &amp; Platt shareholders will receive 0.1455 share of Somnigroup common stock in exchange for each share of Leggett &amp; Platt common stock they own. Leggett &amp; Platt&#39;s shareholders will own about 9% of the combined company.</p><p>Somnigroup said the deal would continue its vertical integration strategy, enabling closer collaboration between component engineering and mattress design. It also said the addition of Leggett &amp; Platt, which also produces components for cars, would expand Somnigroup&#39;s business beyond bedding.</p><p>The company said the deal would reduce its financial leverage and add to its earnings and provide cost savings in sourcing, operations and product innovation.</p><p>&#34;Leggett &amp; Platt&#39;s strong engineering capabilities, diversified end users and cash-generating financial profile meaningfully enhance our global platform. This combination is consistent with our vertical integration strategy,&#34; said Somnigroup Chief Executive Scott Thompson.</p><p>The transaction is expected to close by the end of the year.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4095","symbol_name":"家庭装饰品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2627046434","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2627046434","pubTimestamp":1776079284,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Somnigroup agreed to acquire one of its suppliers, component manufacturer Leggett & Platt, in an all-stock deal worth $2.5 billion.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4095":"家庭装饰品","LEG":"礼恩派","BK4585":"ETF&股票定投概念","SGI":"泰浦陛迪国际公司"},"translate_title":"Somnigroup将收购供应商Leggett&Platt，交易价值$2.5 B","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/10f60bd40483e220e31ac9af99e0b22d","symbols_score_info":{"SGI":0.9,"LEG":1.5},"content_text":"Somnigroup agreed to acquire Leggett & Platt for $1.6 billion; including the assumption of debt, the total deal value is $2.5 billion. \"Somigroup to Acquire Supplier Leggett & Platt in Deal Worth $2.5B\" at 6:52 a.m. ET on April 13 and a subsequent update, as well as \"Somnigroup CEO Says Leggett & Platt Deal Helps Navigate Supply Chain Issues, Diversify Revenue -- Interview\" at 9:18 a.m. said Somigroup agreed to acquire Leggett & Platt in an all-stock deal worth $2.5 billion. 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The correct version follows: \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 15, 2026 17:32 ET (21:32 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"merge,movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2627046434","isCrawlerRequest":true}