Somnigroup Is Building a Bedding Empire -- Market Talk

Dow Jones
12/02

1328 ET - William Blair analyst Phillip Blee says in a research note that he supports Somnigroup's proposal to buy Leggett & Platt for approximately $1.6 billion. "The acquisition would further expand Somnigroup's efforts to vertically integrate and bolster the company's influence as the mattress and bedding industry's top dog," Blee says, adding the deal would likely boost Somnigroup's earnings. If the deal goes through, Somnigroup would likely divest Leggett's non-bedding-related businesses, providing an opportunity to accelerate debt repayments following Tempur-Sealy's acquisition of Mattress Firm. The biggest risk would be too many irons in the fire, Blee says, but that's not overly concerning as Somnigroup plans to keep the businesses relatively autonomous. Leggett shares climb 16%, while Somnigroup shares edge 0.7% higher. (connor.hart@wsj.com)

 

(END) Dow Jones Newswires

December 01, 2025 13:28 ET (18:28 GMT)

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