MergerJun 4, 2026, 06:31 AM
Somnigroup-Leggett & Platt Merger HSR Waiting Period Expires
AI Summary
Somnigroup International Inc. announced that the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for its merger with Leggett & Platt, Incorporated expired on June 3, 2026. This marks a significant step towards completing the transaction, which was initially announced on April 13, 2026. The company anticipates the merger to close by year-end 2026, pending shareholder approval from Leggett & Platt and various other regulatory clearances.
Key Highlights
- Somnigroup International Inc. confirmed the expiration of the 30-day HSR Act waiting period on June 3, 2026.
- The merger agreement with Leggett & Platt, Incorporated was previously announced on April 13, 2026.
- Somnigroup expects the transaction to close by year-end 2026.
- Closing is subject to Leggett & Platt shareholder approval and regulatory clearances in Canada, EU, UK, Korea, and Austria.
- Effectiveness of a Form S-4 registration statement and absence of material adverse effects are also conditions.
Price Impact
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