HSR Waiting Period Expires for Somnigroup-Leggett & Platt Merger, Clearing Key Regulatory Hurdle
SGI is trading near its 52-week low of $60.39 (12% above the low).
Summary
Somnigroup confirmed the expiration of the HSR waiting period for its all-stock merger with Leggett & Platt. This clears a significant regulatory hurdle, moving the acquisition closer to completion. The definitive agreement for this merger was announced on April 13th. The transaction is now expected to close by year-end 2026, subject to shareholder approval and various foreign competition and investment clearances.
At the time of this announcement, SGI was trading at $67.41 on NYSE in the Manufacturing sector, with a market capitalization of approximately $14.2B. The 52-week trading range was $60.39 to $98.56. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.