Somnigroup International advances due diligence on Leggett & Platt bid

Somnigroup International ( (SGI) ) has provided an announcement.

On January 20, 2026, Somnigroup International announced that Leggett & Platt’s board had authorized discussions and signed a customary non-disclosure agreement to allow due diligence on Somnigroup’s previously disclosed all-stock proposal. Somnigroup reaffirmed its December 1, 2025 offer to acquire Leggett & Platt at an implied value of $12 per share, representing a 30% premium to Leggett & Platt’s unaffected 30‑day average share price, and said it would not revise the proposal prior to completion of due diligence. The company stressed that there is no assurance a definitive agreement will be reached or that any transaction will be completed, noting that any deal would require Leggett & Platt shareholder and regulatory approvals but would not be subject to financing contingencies or approval by Somnigroup’s shareholders, a structure that could streamline execution if negotiations succeed. Somnigroup has engaged Goldman Sachs as financial adviser and Cleary Gottlieb as legal counsel, underscoring the seriousness of its pursuit as it seeks a combination it says would create long-term value for investors in both companies.

The most recent analyst rating on (SGI) stock is a Buy with a $104.00 price target. To see the full list of analyst forecasts on Somnigroup International stock, see the SGI Stock Forecast page.

Spark’s Take on SGI Stock

According to Spark, TipRanks’ AI Analyst, SGI is a Outperform.

Somnigroup International’s overall score is driven by strong technical indicators and positive earnings call sentiment. Financial performance shows growth but is offset by declining margins. The high P/E ratio suggests overvaluation, while corporate events are strategically positive.

To see Spark’s full report on SGI stock, click here.

More about Somnigroup International

Somnigroup International Inc. (NYSE: SGI) is the world’s largest bedding company, focused on improving sleep through the design, manufacturing, distribution and retail of mattresses and sleep solutions in more than 100 countries. Operating fully owned businesses including Tempur Sealy, Mattress Firm and Dreams, Somnigroup’s portfolio features leading brands such as Tempur-Pedic, Sealy, Stearns & Foster and Sleepy’s, supported by a global omni-channel platform that serves consumers across retail formats while emphasizing responsible capital allocation and environmental and community commitments.

Average Trading Volume: 1,775,067

Technical Sentiment Signal: Buy

Current Market Cap: $19.73B

For an in-depth examination of SGI stock, go to TipRanks’ Overview page.