Somnigroup International Inc. proposes an all-stock acquisition of Leggett & Platt Inc.
The proposal offers Leggett & Platt shareholders a 30.3% premium based on recent trading days.
The structure allows shareholders to participate in future growth on a tax-deferred basis.
Premium Offer
Leggett & Platt shareholders offered shares with a 30.3% premium, a value not seen since December 2024.
Tax-Advantaged Participation
Shareholders can partake in the combined company growth on a tax-deferred basis.
Strategic Advantage
Proposed merger aims to create strategic advantages for both companies and stakeholders.
- The proposed merger would enable significant strategic and operational synergies between Somnigroup and Leggett & Platt.
- Leggett & Platt's business complementarity with Somnigroup's operations enhances the potential for growth and success.
The acquisition proposal by Somnigroup presents a unique opportunity for Leggett & Platt shareholders to benefit from a premium offer and strategic alignment with a strong partner in the market.