Somnigroup to acquire Leggett & Platt.

Somnigroup, a manufacturer of mattresses and bedding products, to acquire Leggett & Platt, a provider of adjustable bed bases. Financial terms were not disclosed. "Leggett & Platt has been an important supplier to our Company for many years. This proposal would deliver significant value to Leggett & Platt shareholders through a compelling premium and tax-advantaged participation in our combined platform, while also being accretive before synergies to all Somnigroup shareholders," Scott Thompson, Somnigroup Chairman and CEO.