Leggett & Platt to Merge with Somnigroup Subsidiary

Leggett & Platt, Incorporated has entered into a definitive Agreement and Plan of Merger with Somnigroup International Inc. and its subsidiary, Sparrow Unity Corporation. Under the agreement, Sparrow Unity Corporation will merge into Leggett & Platt, with Leggett & Platt surviving as a direct, wholly-owned subsidiary of Somnigroup International Inc. Each outstanding share of Leggett & Platt common stock will be converted into the right to receive 0.1455 shares of Somnigroup International Inc. common stock, along with cash for any fractional shares. The boards of directors of both companies have unanimously approved the Merger Agreement.