LEG shares will cease trading on the NYSE. Holders of LEG common stock should expect to receive shares of Somnigroup common stock based on the 0.1455 exchange ratio. Monitor the Somnigroup ticker for ongoing price action, as the value of the merger consideration is now directly linked to Somnigroup's stock performance.
Price Chart
Executive Summary
Leggett & Platt has been acquired by Somnigroup International Inc. in an all-stock merger, with each share of LEG common stock converted into 0.1455 shares of Somnigroup common stock. The merger closed on August 26, 2026, resulting in LEG becoming a wholly owned subsidiary of Somnigroup, the delisting of LEG from the NYSE, and the termination of all prior material agreements and the departure of LEG's entire board of directors. This is a transformative, terminal event for LEG as a public company, with the stock ceasing to trade and being replaced by Somnigroup shares.
Key Facts
- Leggett & Platt was acquired by Somnigroup International Inc. in an all-stock merger.
- Each share of LEG common stock was converted into 0.1455 shares of Somnigroup common stock.
- The merger closed on August 26, 2026, and LEG is now a wholly owned subsidiary of Somnigroup.
- LEG common stock will be delisted from the NYSE and deregistered with the SEC.
- All of LEG's prior directors (Karl G. Glassman, Angela Barbee, Robert E. Brunner, Mary Campbell, Joseph W. McClanathan, Srikanth Padmanabhan, Jai Shah, Phoebe A. Wood) ceased to serve.
- The company's credit agreement (~$277,000 outstanding) and commercial paper program were terminated and repaid.
- The company's articles of incorporation and bylaws were amended and restated.
- The Merger Agreement was previously filed on April 13, 2026, and the S-4 registration statement was declared effective on July 9, 2026.
Financial Impact
LEG shareholders received 0.1455 shares of Somnigroup common stock per LEG share. The value of the consideration is tied to Somnigroup's stock price.
Risk Factors
- The value of the merger consideration is entirely dependent on the future stock price of Somnigroup International Inc.
- Dissenting shareholders may have appraisal rights, but the process is uncertain and may result in less value than the merger consideration.
- The delisting and deregistration of LEG common stock eliminates any future liquidity in LEG shares.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-366694 |
| Document: 0001193125-26-366694-index.html | 0001193125-26-366694 |
| Document: 0001193125-26-366694.txt | 0001193125-26-366694 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 8, 2026 5w ago | 15-12G | — | awaiting T+1 | — | — |
Sep 8, 2026 5w ago | 15-12G | — | awaiting T+1 | — | — |
Aug 26, 2026 7w ago | 8-K | $9.20 $9.20 | · 0.00% | ▼ −0.66% | — |
Aug 25, 2026 7w ago | 8-K | $9.32 $9.20 | ▼ −1.29% | ▼ −1.31% | — |
Jun 4, 2026 19w ago | 425 | $10.20 $10.01 | ▼ −1.86% | ▲ +0.74% | — |
Jun 4, 2026 19w ago | 8-K | $10.20 $10.01 | ▼ −1.86% | ▲ +0.74% | — |
May 7, 2026 23w ago | 8-K | $10.30 $10.06 | ▲ +2.33% | ▲ +3.16% | — |
Apr 13, 2026 26w ago | 425 | $11.50 $11.35 | ▼ −1.30% | ▼ −2.08% | — |
Apr 13, 2026 27w ago | 425 | $11.25 $11.50 | ▲ +2.22% | ▲ +1.01% | — |
Apr 13, 2026 27w ago | 8-K | $11.25 $11.50 | ▲ +2.22% | ▲ +1.01% | — |
US Market Status
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