Somnigroup welcomes Leggett & Platt board for discussions, defends all-stock transaction.

Somnigroup International Inc. welcomes Leggett & Platt Inc.'s board of directors for entering into a non-disclosure agreement to facilitate due diligence and discussions. Somnigroup remains committed to pursuing a transaction that delivers substantial value to both companies' shareholders. The proposed all-stock transaction, valued at $12 per share, offers a 30% premium to Leggett & Platt's unaffected share price.