M&A · Industrials · Household Furniture
Somnigroup International Inc. to acquire Leggett & Platt Inc
Announced Apr 13, 2026 · Closed Aug 26, 2026
Deal value$2.50BEV $2.45B
Premium13.7%To unaffected price
EV / Adj. EBITDA4.6x0.6x EV / Revenue
ConsiderationAll stock$11.36 per share
Transaction
- Acquirer
- Somnigroup International Inc. (SGI)
- Target
- Leggett & Platt Inc
- Buyer type
- Strategic
- Offer price per share
- $11.36
- Enterprise value
- $2.45B
- Status
- Closed Aug 26, 2026
Deal protections
- Break fee (target pays)
- $64.0M · 2.6%
- Reverse fee (buyer pays)
- $80.0M · 3.2%
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Goldman Sachs
- To the target
- JPMorgan
Sector context · Industrials
- Comparable deals
- 96 in the prior 24 months
- Premium
- 13.7% vs. 34.0% sector median
- EV / Adj. EBITDA
- 4.6x vs. 10.7x sector median
- Break fee
- 2.6% vs. 2.7% sector median
Timeline
- AnnouncedApr 13, 2026
- Proxy filedJul 9, 2026
- Definitive proxyJul 9, 2026
- Shareholder voteAug 20, 2026
- ClosedAug 26, 2026