Somnigroup Completes All-Stock Acquisition of Leggett & Platt

01:09 PM EDT, 08/26/2026 (MT Newswires) -- Somnigroup International (SGI) said Wednesday it has completed the business combination with Leggett & Platt (LEG) in a transaction valued at approximately $2.3 billion. Leggett & Platt shareholders received 0.1455 shares of Somnigroup common stock in exchange for each share of Leggett & Platt, according to a statement. Upon completion of the transaction, former Leggett & Platt shareholders own approximately 9% of the combined company on a fully diluted basis, the company added. Also, Somnigroup said it has appointed Tyson Hagale as President of Leggett & Platt, starting immediately. Price: 63.41, Change: -0.68, Percent Change: -1.06