Core Viewpoint - Leggett & Platt has received an unsolicited acquisition proposal from Somnigroup International Inc. for an all-stock transaction, which is non-binding and subject to due diligence [1][2]. Company Overview - Leggett & Platt (NYSE: LEG) is a diversified manufacturer with a 142-year history, producing engineered components and products for homes and automobiles, including bedding components, automotive seat systems, furniture components, flooring underlayment, and hydraulic cylinders [4]. Proposal Details - Somnigroup's proposal includes an exchange ratio that is yet to be agreed upon and was not discussed with Leggett & Platt prior to November 30, 2025 [1]. - The Leggett & Platt Board of Directors will review the proposal in consultation with independent financial and legal advisors to determine the best course of action for the company and its shareholders [2]. Financial Advisory - J.P. Morgan Securities LLC is acting as the financial advisor, while Latham & Watkins LLP is serving as the legal advisor for Leggett & Platt regarding the proposal [3].