India, April 13 -- Stock of Leggett & Platt, Incorporated (LEG) is rising about 13 percent during Monday morning trading after the company signed a definitive agreement to be acquired by Somnigroup International Inc. in a transaction worth $2.5 billion.
The company's shares are currently trading at $11.34 on the New York Stock Exchange, up 13.51 percent. The stock opened at $10.74 and has climbed as high as $11.38 so far in today's session. Over the past year, it has traded in a range of $6.48 to $13.00.
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As per the deal, the company's shareholders will receive 0.1455 shares of Somnigroup common stock in exchange for each share of Leggett & Platt common s...