(RTTNews) – Leggett & Platt, Inc. (LEG), a producer of engineered parts and merchandise for beddings and furnishings, Monday introduced that it has acquired an unsolicited proposal from Somnigroup Worldwide Inc. (SGI), a bedding firm.
Somnigroup proposes to amass all of the excellent shares of Leggett & Platt in an all-stock transaction.
Leggett & Platt is reviewing and evaluating the unsolicited proposal and has urged its shareholders to not take any motion right now.
In pre-market exercise, LEG shares have been buying and selling at $11.51, up 12.24% on the New York Inventory Trade.
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