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Leggett & Platt plans merger with Somnigroup

PUBLIC · LEGAug 06, 20263 days ago

Acquiring Company

Leggett & Platt

Acquired Company

Somnigroup

CarthageLexingtonManufacturingManufacturingRetail

Description

Leggett & Platt has announced its planned merger with Somnigroup, with anticipation for the transaction to close pending shareholder approval and regulatory approvals. The waiting period under the HSR Antitrust Improvements Act has expired, allowing the companies to progress towards finalizing the merger. This combination is expected to create a leading global company, enhancing value for customers and stakeholders.

Company Information

Company

Leggett & Platt

Location

No. 1 Leggett Road

Carthage, Missouri, United States

About

Leggett & Platt (NYSE: LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 141-year-old Company is a leading supplier of bedding components and private label finished goods; automotive seat comfort and convenience systems; home and work furniture components; geo components; flooring underlayment; hydraulic cylinders for material handling and heavy construction applications; and aerospace tubing and fabricated assemblies.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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