Shareholders of Leggett & Platt Inc. voted to approve the company’s merger with Somnigroup International Inc., a deal valued at approximately $1.2 billion.
The Agreement and Plan of Merger, dated April 13, 2026, outlines the all-stock transaction in which Sparrow Unity Corporation, a wholly owned subsidiary of Somnigroup, will merge with Leggett & Platt. Under the terms, Leggett & Platt will survive as a wholly owned subsidiary of Somnigroup once the merger is completed.
The vote was held in Carthage, Missouri, where Leggett & Platt is headquartered. The merger remains subject to regulatory approvals and other customary closing conditions, with completion anticipated once those requirements are satisfied.
Leggett & Platt, listed on the NYSE under the ticker LEG, is a diversified manufacturer specializing in engineered components and products for residential and automotive applications. Its portfolio includes bedding components, automotive seat comfort systems, home and work furniture components, geo components, flooring underlayment, and hydraulic cylinders for material handling and construction uses.
Somnigroup International Inc., trading under SGI on the NYSE, initiated the deal as part of its broader expansion strategy. The transaction is expected to enhance Somnigroup’s position in engineered components and related markets.
