Somnigroup Clears Key Antitrust Hurdle for Leggett & Platt Merger
SGI is trading near its 52-week low of $60.39 (12% above the low).
Summary
Somnigroup International announced that the Hart-Scott-Rodino antitrust waiting period for its acquisition of Leggett & Platt has expired, advancing the merger process.
Key Events · M&A and Partnerships · SGI
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HSR Act Waiting Period Expired
The 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired on June 3, 2026, removing a key regulatory condition for the merger.
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Merger Progresses Towards Close
This development advances Somnigroup's all-stock acquisition of Leggett & Platt, which was initially announced on April 13, 2026.
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Expected Closing by Year-End
The transaction is still subject to other conditions, including shareholder approval and additional international regulatory clearances, with an anticipated closing by year-end 2026.
Analysis · SGI · Manufacturing
Somnigroup International announced the expiration of the HSR Act waiting period, a critical step in securing regulatory approval for its all-stock acquisition of Leggett & Platt. This removes a significant hurdle, moving the transaction closer to its expected year-end 2026 close.
At the time of this filing, 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 filing was assessed with positive market sentiment and an importance score of 8 out of 10.