Somnigroup clears U.S. antitrust hurdle in proposed acquisition of Leggett & Platt
Somnigroup International (NYSE:SGI) announced today that its proposed acquisition of Leggett & Platt (NYSE:LEG) has cleared a significant regulatory hurdle.
The company confirmed that the 30-day waiting period mandated by the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 expired as of 11:59 p.m. ET on June 3, 2026, removing one of the primary U.S. regulatory conditions for the transaction.
Under the terms of the definitive Merger Agreement entered into on April 13, 2026, Sparrow Unity Corporation—a wholly owned subsidiary of Somnigroup—is set to merge with and into Leggett & Platt.
Upon the completion of the merger, Leggett & Platt will survive as a direct, wholly owned subsidiary of Somnigroup.
While the expiration of the HSR waiting period marks a major step forward, the transaction remains subject to a series of customary closing conditions.
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