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Business News

Somnigroup —the holding company for mattress brands Tempur Sealy, Mattress Firm and Dreams—has submitted a proposal to furniture component maker Leggett & Platt to acquire outstanding shares of the company in an all-stock transaction. The proposed agreement would give the manufacturer’s shareholders shares of Somnigroup common stock with a market value of $12 for every share of Leggett & Platt common stock, which represents a 30.3 percent premium over the average closing price of the manufacturer’s shares over the past 30 trad

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