Leggett & Platt Enters NDA with Somnigroup for Due Diligence
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Source: Newsfilter
- Due Diligence Agreement: Leggett & Platt has signed a six-month non-disclosure agreement with Somnigroup to facilitate due diligence, assessing Somnigroup's unsolicited acquisition proposal from December 1, 2025, aimed at delivering appropriate value and certainty to the company and its shareholders.
- Acquisition Proposal Review: The Board, after consulting with independent financial and legal advisors, determined that Somnigroup's $12 per share offer undervalues the company, leading to the rejection of the proposal, which underscores the Board's commitment to maximizing shareholder value.
- Shareholder Action Advisory: The Board has advised that Leggett & Platt shareholders do not need to take any action at this time, emphasizing that no updates will be provided during the evaluation process unless deemed necessary or required for further disclosure.
- Advisory Team Support: J.P. Morgan Securities LLC is serving as the financial advisor, while Latham & Watkins LLP is acting as the legal advisor to Leggett & Platt, ensuring professional support throughout the evaluation and potential transaction process.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
Analyst Views on LEG
Wall Street analysts forecast LEG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LEG is 12.00 USD with a low forecast of 11.00 USD and a high forecast of 13.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 11.710
Low
11.00
Averages
12.00
High
13.00
Current: 11.710
Low
11.00
Averages
12.00
High
13.00
About LEG
Leggett & Platt, Incorporated is a diversified manufacturer that designs and produces a variety of engineered components and products that can be found in homes and automobiles. Its segments include Bedding Products, Specialized Products and Furniture, Flooring & Textile Products. Bedding Products segment supplies a variety of components and machinery used by bedding manufacturers, as well as produces private label finished mattresses and adjustable bed bases. This segment is also vertically integrated into the production and supply of specialty foam chemicals, steel rod, and drawn steel wire to its own operations and to external customers. Specialized Products segment supplies lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. Furniture, Flooring & Textile Products segment supplies a range of components for residential and work furniture manufacturers, as well as select lines of private label finished furniture.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Leggett & Platt to Release Q4 and Full Year Earnings on February 11, 2026
- Earnings Release Schedule: Leggett & Platt will release its fourth quarter and full year earnings on February 11, 2026, showcasing the company's performance across various markets and future outlook.
- Conference Call Timing: The company will hold a conference call on February 12, 2026, at 8:30 a.m. ET to discuss earnings results and market conditions, which is expected to attract investor interest.
- Webcast Availability: The conference call will be webcast through the Investor Relations section of the company's website, allowing investors to access real-time information and participate in discussions.
- Financial Information Release: Earnings and related financial information will be posted on February 11, ensuring investors have the necessary background material to understand the financial performance ahead of the call.
Continue Reading
Somnigroup (SGI) Proposes All-Stock Acquisition of Leggett & Platt (LEG) at $12 per Share, 30% Premium
- Acquisition Proposal: Somnigroup has proposed an all-stock acquisition of Leggett & Platt at $12 per share, which represents a 30% premium over the unaffected 30-day average price, providing Leggett shareholders with fair value and an opportunity to participate in the future growth of the combined entity.
- Market Reaction: Following the announcement of the acquisition intention on December 1, Leggett & Platt's shares surged, reaching $92.7 in premarket trading, indicating a positive market response and expectations for the potential of future integration.
- Earnings Guidance Increase: Somnigroup raised its 2025 EPS guidance to $2.60-$2.75 after the acquisition proposal, suggesting that synergy gains from the Mattress Firm integration are accelerating, thereby enhancing its financial outlook.
- Shareholder Interests: While Somnigroup's offer is viewed by some analysts as unfair, it is still seen as a potential lifeline for Leggett shareholders, reflecting the market's complex perspective on the acquisition and the opportunity for shareholders to engage in future growth.
Continue Reading