Latham & Watkins Advises Leggett & Platt in US$2.5 Billion Acquisition by Somnigroup

Somnigroup International Inc. (NYSE: SGI) and Leggett & Platt, Incorporated (NYSE: LEG) announced that the companies have signed a definitive agreement pursuant to which Somnigroup will acquire Leggett & Platt in an all-stock transaction valued at approximately US$2.5 billion based on Somnigroup’s closing share price on April 10, 2026.

Latham & Watkins LLP represents Leggett & Platt in the transaction with a corporate deal team led by Chicago partners Bradley Faris, Christopher Drewry, and Sean Parish, with associates Henna Jalal, Charles Mahone, Juna Kim, and Jane Lee. Advice was provided on executive compensation, employment, and benefits matters by Los Angeles partner Michelle Carpenter and counsel Richard Nettles; on labor and employment matters by Chicago partner Nineveh Alkhas, with associate Alexis Pinzon; on antitrust matters by Washington, D.C. partner Amanda Reeves, with associates Andrew Paik, Joseph Lorusso, and Karen Kim; on ex-US antitrust matters by Brussels partners Hector Armengod and Tomas Nilsson, and London partner Simon Pritchard, with associates Juan Pablo Donado Díez and Ryan McGrath; on foreign direct investment matters by Hamburg partner Jana Dammann de Chapto, with associates Nicolas Riemann and Enno Mensching; on intellectual property matters by New York partners Jeffery Tochner and Pelin Serpin, with associate Jamie Eimbinder; on data privacy and cybersecurity matters by Houston partner Robert Brown, with associate Austin Anderson; on tax matters by Chicago partners Rene de Vera and Diana Doyle, with associates Jeremiah Cowen and Tessa Young; on public company representation matters by New York partner Jenna Cooper and Chicago partner Scott Westhoff, with associate Andrew Rutsky; on capital markets matters by New York partner Michael Benjamin, Chicago partner Roderick Branch, and counsel Manasi Bhattacharyya; on real estate matters by counsel Jeffery Anderson, with associate David Rao; and on environmental matters by Los Angeles partner Joshua Marnitz, with associate Jacqueline Zhang.