Leggett & Platt, Inc. (LEG), a manufacturer of engineered components and products for beddings and furniture, Monday announced that it has received an unsolicited proposal from Somnigroup International Inc. (SGI), a bedding company.
Somnigroup proposes to acquire all the outstanding shares of Leggett & Platt in an all-stock transaction.
Leggett & Platt is reviewing and evaluating the unsolicited proposal and has urged its shareholders to not take any action at this time.
In pre-market activity, LEG shares were trading at $11.51, up 12.24% on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.