Leggett & Platt Stock Jumps. It's Getting Bought for $2.5 Billion. -- Barrons.com

Dow Jones04-13

By Nate Wolf

Somnigroup International has agreed to acquire Leggett & Platt, the maker of furniture components, in an all-stock deal worth $2.5 billion.

Somnigroup, which owns bedding brands and retailers such as Tempur-Pedic, Sealy, and Mattress Firm, is adding Leggett & Platt to more closely integrate its supply chain and expand into non-bedding industries.

Leggett & Platt stock jumped 5.7% in premarket trading Monday. The company had a market capitalization of $1.36 billion as of Friday's close. Shares of Somnigroup, which had a $16.4 billion market cap, fell 1.3%. Stock futures were down before the opening bell.

Somnigroup expects the acquisition to add to adjusted earnings per share within the first year after closing. The company also expects annual cost synergies of $50 million in terms of adjusted earnings before interest, taxes, depreciation, and amortization after three years.

Leggett & Platt shareholders will receive 0.1455 shares of Somnigroup common stock in exchange for each share of Leggett & Platt stock. Somnigroup will own around 91% of the combined company following the deal, which is expected to close by the end of 2026.

Write to Nate Wolf at nate.wolf@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

April 13, 2026 07:43 ET (11:43 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2627430854?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-13 19:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2627430854","market":"us","top_or_hot":-1,"title":"Leggett & Platt Stock Jumps. It's Getting Bought for $2.5 Billion. -- Barrons.com","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Nate Wolf \n</p>\n<p>\n  Somnigroup International has agreed to acquire Leggett &amp; Platt, the maker of furniture components, in an all-stock deal worth $2.5 billion. \n</p>\n<p>\n  Somnigroup, which owns bedding brands and retailers such as Tempur-Pedic, Sealy, and Mattress Firm, is adding Leggett &amp; Platt to more closely integrate its supply chain and expand into non-bedding industries. \n</p>\n<p>\n  Leggett &amp; Platt stock jumped 5.7% in premarket trading Monday. The company had a market capitalization of $1.36 billion as of Friday's close. Shares of Somnigroup, which had a $16.4 billion market cap, fell 1.3%. Stock futures were down before the opening bell. \n</p>\n<p>\n  Somnigroup expects the acquisition to add to adjusted earnings per share within the first year after closing. The company also expects annual cost synergies of $50 million in terms of adjusted earnings before interest, taxes, depreciation, and amortization after three years. \n</p>\n<p>\n  Leggett &amp; Platt shareholders will receive 0.1455 shares of Somnigroup common stock in exchange for each share of Leggett &amp; Platt stock. Somnigroup will own around 91% of the combined company following the deal, which is expected to close by the end of 2026. \n</p>\n<p>\n  Write to Nate Wolf at nate.wolf@barrons.com \n</p>\n<p>\n   This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 13, 2026 07:43 ET (11:43 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>Leggett & Platt Stock Jumps. It's Getting Bought for $2.5 Billion. -- Barrons.com</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\">\nLeggett & Platt Stock Jumps. It's Getting Bought for $2.5 Billion. -- Barrons.com\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 19:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Nate Wolf \n</p>\n<p>\n  Somnigroup International has agreed to acquire Leggett &amp; Platt, the maker of furniture components, in an all-stock deal worth $2.5 billion. \n</p>\n<p>\n  Somnigroup, which owns bedding brands and retailers such as Tempur-Pedic, Sealy, and Mattress Firm, is adding Leggett &amp; Platt to more closely integrate its supply chain and expand into non-bedding industries. \n</p>\n<p>\n  Leggett &amp; Platt stock jumped 5.7% in premarket trading Monday. The company had a market capitalization of $1.36 billion as of Friday's close. Shares of Somnigroup, which had a $16.4 billion market cap, fell 1.3%. Stock futures were down before the opening bell. \n</p>\n<p>\n  Somnigroup expects the acquisition to add to adjusted earnings per share within the first year after closing. The company also expects annual cost synergies of $50 million in terms of adjusted earnings before interest, taxes, depreciation, and amortization after three years. \n</p>\n<p>\n  Leggett &amp; Platt shareholders will receive 0.1455 shares of Somnigroup common stock in exchange for each share of Leggett &amp; Platt stock. Somnigroup will own around 91% of the combined company following the deal, which is expected to close by the end of 2026. \n</p>\n<p>\n  Write to Nate Wolf at nate.wolf@barrons.com \n</p>\n<p>\n   This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 13, 2026 07:43 ET (11:43 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LEG","symbol_name":"礼恩派","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2627430854","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2627430854","pubTimestamp":1776080580,"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 International has agreed to acquire Leggett & Platt, the maker of furniture components, in an all-stock deal worth $2.5 billion.Somnigroup, which owns bedding brands and retailers such as Tempur-Pedic, Sealy, and Mattress Firm, is adding Leggett & Platt to more closely integrate its supply chain and expand into non-bedding industries.Leggett & Platt stock jumped 5.7% in premarket trading Monday. The company had a market capitalization of $1.36 billion as of Friday's close. Shares of Somnigroup, which had a $16.4 billion market cap, fell 1.3%. Stock futures were down before the opening bell.Somnigroup expects the acquisition to add to adjusted earnings per share within the first year after closing. The company also expects annual cost synergies of $50 million in terms of adjusted earnings before interest, taxes, depreciation, and amortization after three years.Leggett & Platt shareholders will receive 0.1455 shares of Somnigroup common stock in exchange for each share of Legg","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LEG":"礼恩派","BK4095":"家庭装饰品","BK4585":"ETF&股票定投概念","SGI":"泰浦陛迪国际公司"},"translate_title":"Leggett&Platt股价上涨。它以25亿美元的价格被收购。——Barrons.com","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LEG":1.5,"SGI":0.9},"content_text":"By Nate Wolf \n\n\n  Somnigroup International has agreed to acquire Leggett & Platt, the maker of furniture components, in an all-stock deal worth $2.5 billion. \n\n\n  Somnigroup, which owns bedding brands and retailers such as Tempur-Pedic, Sealy, and Mattress Firm, is adding Leggett & Platt to more closely integrate its supply chain and expand into non-bedding industries. \n\n\n  Leggett & Platt stock jumped 5.7% in premarket trading Monday. The company had a market capitalization of $1.36 billion as of Friday's close. Shares of Somnigroup, which had a $16.4 billion market cap, fell 1.3%. Stock futures were down before the opening bell. \n\n\n  Somnigroup expects the acquisition to add to adjusted earnings per share within the first year after closing. The company also expects annual cost synergies of $50 million in terms of adjusted earnings before interest, taxes, depreciation, and amortization after three years. \n\n\n  Leggett & Platt shareholders will receive 0.1455 shares of Somnigroup common stock in exchange for each share of Leggett & Platt stock. Somnigroup will own around 91% of the combined company following the deal, which is expected to close by the end of 2026. \n\n\n  Write to Nate Wolf at nate.wolf@barrons.com \n\n\n   This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 13, 2026 07:43 ET (11:43 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","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":0,"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/2627430854","isCrawlerRequest":true}