SGI, LEG

, LEG

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Date: --/--/-- --:--:--
Event Id: E5DTT3S3I
Action Type: ACQUISITION
Action Status: PROPOSED
Acquirer Symbol:
Target Symbol: LEG
Updated: --/--/-- --:--:--
Purchase Price Per Share: 12
Price Per Share Currency: USD
News References: https://www.prnewswire.com/news-releases/somnigroup-proposes-to-acquire-leggett--platt-in-all-stock-transaction-302628665.html

Action Notes

Somnigroup International Inc today announced that it submitted a proposal to the Board of Directors of Leggett & Platt Inc to acquire all outstanding common shares of Leggett & Platt in an all-stock transaction (the "Proposal"). Under the terms of the Proposal, Leggett & Platt shareholders would receive shares of Somnigroup common stock with a market value of $12.00 for every one share of Leggett & Platt common stock, based on a fixed exchange ratio to be agreed.