Somnigroup’s $2.5B acquisition of Leggett clears U.S. antitrust review

DALLAS – Somnigroup International‘s proposed $2.5 billion acquisition of Leggett & Platt has cleared a regulatory milestone as the required federal antitrust waiting period expiring without a challenge.

Somnigroup disclosed in an SEC filing today that the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired June 3. The expiration means U.S. antitrust regulators did not move to block the deal, a step forward in the acquisition process.

Leggett & Platt filed a similar disclosure with the SEC today confirming the same HSR expiration.

See also:

• Leggett CEO: Somnigroup deal ‘good outcome’ amid industry shift
• Somnigroup CEO: $2.5B Leggett deal to speed innovation, cut costs

Somnigroup, the Dallas-based parent of Houston-based Mattress Firm and Tempur Sealy, announced the acquisition agreement with Leggett & Platt in April. Under the terms of the deal, Leggett & Platt would become a wholly owned subsidiary of Somnigroup.

The companies expect the transaction to close by year-end 2026, though several conditions remain. Leggett & Platt shareholders must still vote to approve the deal. Regulatory clearances are still pending in Canada, the European Union, the United Kingdom, South Korea and Austria.

The proposed combination would bring together Somnigroup’s manufacturing and retail business with Leggett & Platt’s extensive manufacturing and components operations, which supply the bedding and home furnishings industries with innersprings, foam, adjustable bed bases and other hardware.