Somnigroup Lifts Synergy Target to $75M After Closing Leggett & Platt Deal

Somnigroup (SGI) has completed the acquisition of Leggett & Platt, expanding its vertical integration in bedding components. The deal also adds businesses serving automotive, furniture, geocomponents, and hydraulic-cylinder markets, which should broaden the company’s end-market exposure and strengthen platform scale. Near-term price impact is likely limited but could support the stock as execution of the acquisition removes deal overhang.