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Stock impact report

Leggett & Platt: Somnigroup's M&A Offer Is Just Unfair [Seeking Alpha]

Leggett & Platt, Incorporated (LEG) 
Last leggett & platt, incorporated earnings: 2/3 04:20 pm Check Earnings Report
US:NYSE Investor Relations: leggett.com
Company Research Source: Seeking Alpha
LEG's valuation remains reasonable, with EV/Sales around 0.66x, but the upside may be capped by Somnigroup's $12/share unsolicited offer. Operational efficiency gains, robust free cash flow, and a solid balance sheet underpin dividend sustainability and long-term viability. I downgrade LEG from buy to hold, citing the SGI offer's limiting effect on upside, yet maintain conviction in the stock's fundamental attractiveness. Morsa Images/DigitalVision via Getty Images It has been nearly four months since my previous coverage of Leggett & Platt, Incorporated ( LEG ). And for a short period, the stock price led to 10% returns and justified my buy rating. Now, LEG assures us of its durability with its This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of LEG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other t Show less Read more
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