Somnigroup Engages in Discussions with Leggett & Platt for Potential Acquisition

Somnigroup International Inc. has welcomed Leggett & Platt Inc.'s decision to engage in discussions and due diligence for a potential acquisition. Somnigroup remains committed to pursuing a transaction that will deliver substantial value to shareholders of both companies, and believes its proposed all-stock transaction for $12 per share represents fair value for Leggett & Platt. Completion of the transaction is contingent upon reaching a definitive agreement and satisfying customary closing conditions.