Leggett & Platt

Somnigroup has appointed Tyson Hagale, effective immediately, as president of the Leggett & Platt unit. Hagale, who has spent 25 years at Leggett & Platt, reports to CEO Karl Glassman and will assume full responsibility for the unit’s operational activities; most recently he led the bedding products segment. He will be based at Leggett & Platt’s site in Carthage, Missouri. » Mais em de.investing.com

The shareholders of Leggett & Platt have approved the merger with Somnigroup. The agreement dated April 13, 2026 provides that Somnigroup subsidiary Sparrow Unity will be merged with Leggett & Platt and Leggett will then be a 100% subsidiary of Somnigroup. Completion is still subject to regulatory approvals and other closing conditions. » Mais em de.investing.com

The board of directors of Leggett & Platt has declared a dividend of $0.05 per share for the second quarter of 2026. The record date for registration is June 15, 2026, and the payment will be made on July 15, 2026. At the annual general meeting, shareholders elected eight candidates nominated by the board, ratified PricewaterhouseCoopers as auditors, approved the compensation of named executive officers, and amended the Flexible Stock Plan. » Mais em de.investing.com

Riverwater Partners opened a new position in Leggett & Platt in its Q1 2026 Sustainable Value Strategy, citing durable market leadership in bedding and furniture, a recent restructuring, deleveraging and strong free cash flow. The firm notes LEG trades below 10x 2026 estimated earnings and at a double-digit free cash flow yield after shares sold off to multi-decade lows, while an unsolicited bid from Somnigroup highlights potential undervaluation. Riverwater expects a recovery in cyclical end markets to favor high-quality small caps like Leggett & Platt. » Mais em finance.yahoo.com

Leggett & Platt is trading at depressed multiples as bedding, flooring, automotive seating and furniture markets weigh on margins and sales, with YTD adjusted EBITDA margin in bedding down to 7.7% from 16.3% in 2021. The stock trades around 6.5x forward EBITDA versus a 10-year average near 9.6x, reflecting a consensus 2025 EBITDA well below pre-downturn levels. Somnigroup submitted an unsolicited $12-per-share stock offer, creating potential outcomes of a $12 deal, a negotiated premium (potentially $15–16), or no deal with shares reverting lower; these scenarios are the main catalysts for investors. » Mais em finance.yahoo.com