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Somnigroup Completes Combination with Leggett & Platt
Source: PR Newswire
M&A & RestructuringCompany FundamentalsCorporate Guidance & OutlookCorporate Earnings
The company strengthened its global platform and deepened vertical integration, while reducing net leverage to ~2.8x Adjusted EBITDA at close. It also upsized its annual run-rate synergy target to $75 million, from an initial $50 million estimate, signaling improved deal execution and cost/cross-selling prospects.
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