Leggett & Platt Merger with Somnigroup Closes — Stock to Be Delisted
LEG is trading near its 52-week low of $8.34 (11% above the low).
Summary
Leggett & Platt's acquisition by Somnigroup International closed on August 26, 2026. Each LEG share converted to 0.1455 Somnigroup shares, and the company requested NYSE delisting.
Key Events · M&A and Partnerships · LEG
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Merger Closed
Sparrow Unity Corporation merged into Leggett & Platt on August 26, 2026, making Leggett & Platt a wholly owned indirect subsidiary of Somnigroup International.
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Exchange Ratio Finalized
Each Leggett & Platt share converted into 0.1455 shares of Somnigroup common stock, with cash paid for fractional shares.
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Debt Repaid
The company terminated and repaid its Fifth Amended and Restated Credit Agreement (~$277,000 outstanding) and terminated its commercial paper program.
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NYSE Delisting Requested
Leggett & Platt requested NYSE suspend trading and withdraw its listing, and intends to file Form 15 to terminate SEC registration.
Analysis · LEG · Manufacturing
The all-stock acquisition of Leggett & Platt by Somnigroup International closed on August 26, 2026. Each Leggett & Platt share converted into 0.1455 shares of Somnigroup common stock. The company repaid its credit agreement and terminated its commercial paper program, and requested NYSE delisting. This is the final step in a transaction that has been progressing since April 2026 — shareholders who approved the deal on August 20 now hold Somnigroup shares instead of Leggett & Platt shares.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 41.1% of the 372 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.38%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LEG was trading at $9.26 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $8.34 to $13.00. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.