Somnigroup International, the World's Leading Bedding Company, to Acquire Leggett & Platt, A Diversified Component Manufacturer and Key Somnigroup Supplier, in an All-Stock Transaction
Somnigroup International Inc. (SGI)
US:NASDAQ Investor Relations:
sec.gov/archives/edgar/data/1316625/000110262415001607/silicongraphicsinternational.htm
Company Research
Source: PR Newswire
– Continues vertical integration strategy, enhancing consumer-centric innovation – Expands addressable market in bedding and into non-bedding industries – Reduces financial leverage and drives operating cash flow – Drives immediate adjusted EPS accretion before synergies – Creates meaningful synergy opportunitiesDALLAS and CARTHAGE, Mo., April 13, 2026 /PRNewswire/ -- Somnigroup International Inc. (NYSE: SGI, "Somnigroup") and Leggett & Platt, Incorporated (NYSE: LEG, "Leggett & Platt") today announced that the companies have signed a definitive agreement pursuant to which Somnigroup will acquire Leggett & Platt in an all-stock transaction valued at approximately $2.5 billion based on Somnigroup's closing share price on April 10, 2026.Under the terms of the agreement, Leggett & Platt shareholders will receive 0.1455 shares of Somnigroup common stock in exchange for each share of Leggett & Platt common stock they own. As a result of the transaction, Leggett & Platt's shareholders
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News
- Somnigroup International Inc. (SGI): Should You Buy the Dip? [Yahoo! Finance]Yahoo! Finance
- Somnigroup to Report First Quarter 2026 Financial Results [Yahoo! Finance]Yahoo! Finance
- Somnigroup to Report First Quarter 2026 Financial ResultsPR Newswire
- Why Is Leggett & Platt (LEG) Stock Soaring Today [Yahoo! Finance]Yahoo! Finance
- Somnigroup International (SGI) had its "equal weight" rating reaffirmed by Stephens. They now have a $89.00 price target on the stock.MarketBeat
SGI
Earnings
- 2/17/26 - In-Line
SGI
Sec Filings
- 4/13/26 - Form 8-K
- 4/13/26 - Form 8-K
- 3/31/26 - Form DEFA14A
- SGI's page on the SEC website