SGI 424B3: Acquisition

Filed with the SEC on · accession 0001206264-26-000089

SGI filed a 424B3 (prospectus (offering)) with the SEC on Jul 9, 2026. Somnigroup International Inc. is acquiring Leggett & Platt, Incorporated through a merger. The stock moved +2.7% by the first close after the filing.

Summary of the filing

Somnigroup International Inc. is acquiring Leggett & Platt, Incorporated through a merger. Leggett & Platt shareholders will receive 0.1455 shares of Somnigroup common stock per share, representing a premium of approximately 13.7% based on pre-announcement prices.

Key details

Exchange ratio value per Leggett & Platt share (based on April 10, 2026 closing)$11
Premium to Leggett & Platt closing price$14
Exchange ratio value per Leggett & Platt share (based on July 7, 2026 closing)$11
Somnigroup shares to be issued in merger$19.9M
AcquirerSomnigroup International Inc.
TargetLeggett & Platt, Incorporated
Merger subsidiarySparrow Unity Corporation

How SGI stock reacted

Close before

$73.18

Jul 8, 2026

First close after

+2.68%

$75.14

5 trading days

+0.12%

$73.27

Since filing

-7.26%

$67.87

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Frequently asked questions

What did SGI file with the SEC on Jul 9, 2026?

SGI filed a 424B3 (Acquisition). Somnigroup International Inc. is acquiring Leggett & Platt, Incorporated through a merger. Leggett & Platt shareholders will receive 0.1455 shares of Somnigroup common stock per share, representing a premium of approximately 13.7% based on pre-announcement prices.

What does a acquisition mean for SGI stock?

A contract important enough that investors need to know about it — a big customer contract, a loan, a merger agreement or a partnership.

How do I read a 424B3?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B3 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did SGI stock react to this filing?

SGI closed at $73.18 before the filing and $75.14 on Jul 9, 2026 (+2.68%). Five trading days later: $73.27 (+0.12%).

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