Short answer
LEGGETT & PLATT INC (LEG) filed an 8-K current report with the SEC on April 13, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.2). Somnigroup will acquire Leggett & Platt in an all-stock merger, with each LEG share converting into 0.1455 Parent shares.
LEGGETT & PLATT INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Somnigroup will acquire Leggett & Platt in an all-stock merger, with each LEG share converting into 0.1455 Parent shares
- Transaction requires LEG shareholder approval, antitrust clearances, NYSE listing approval, and an effective S-4 registration statement
- Expected tax-free U.S. reorganization, limiting immediate shareholder tax consequences
- Merger termination protection: Somnigroup pays LEG $80 million for certain regulatory failures; LEG pays $64 million for specified superior proposals
- LEG shares will be delisted from NYSE and deregistered after closing, eliminating standalone public-market ownership
Item 7.01 · Regulation FD Disclosure
- Proposed transaction would combine LEG with Parent, with expected effects on brands, customers, operations, leverage, and financial reporting
- Parent targets cost and run-rate synergies, share repurchases, adjusted EPS growth, and post-transaction deleveraging
- Completion remains subject to LEG shareholder approval, regulatory clearances, potential conditions, and transaction-related litigation risks
- Form S-4 and proxy statement/prospectus will provide definitive transaction terms and information for shareholder voting decisions
Item EX-99.1 · Exhibit EX-99.2
- Somnigroup to acquire Leggett & Platt for approximately $2.5B in all-stock transaction
- LEG shareholders receive 0.1455 SGI shares per LEG share and approximately 9% ownership of the combined company
- Expected closing by year-end 2026, subject to LEG shareholder and regulatory approvals
- Immediate adjusted EPS accretion expected before synergies, with $50M annual adjusted EBITDA synergies fully implemented over three years
- SGI expects $50M annual non-cash purchase-accounting expense and $10M annual non-cash bond fair-value expense post-close
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other LEGGETT & PLATT INC 8-K filings
Get the next LEG 8-K as it lands
Follow LEG for push alerts, or ask the research agent what this filing means.