Deal Detail

Leggett & Platt, Incorporated to Somnigroup International Inc.

EV / LTM EBITDA

6.6x

EV / LTM Sales

0.6x

Enterprise Value

$2.5B

Primary Source

Investor Presentation

Comparable Transactions

Home & Office Furnishings transactions announced in the five years to April 2026. 4 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Aug 2025	Steelcase Inc.	HNI Corporation	$2.4B	-	9.7x	Strategic
Mar 2023	Kimball International, Inc.	HNI Corporation	$500M	-	10.1x	Strategic
Jun 2022	Ergotron, Inc.	The Sterling Group, L.P.	$700M	-	8.4x	Financial
Apr 2021	Knoll, Inc.	Herman Miller, Inc.	$1.8B	-	14.2x	Strategic
	Mean			-	10.6x
	Median			-	9.9x

Source-specific multiples and notes for this transaction.

Comp	Primary?	Source Type	Source	Source Advisor	Source Year	EV (USD)	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
	Primary	investor presentation	Investor Presentation	-	2026	$2.5B	0.6x	6.6x	-	Multiple of 5.8x after run-rate synergies of $50m	Open
	-	fairness opinion	LEG FO	JPMorgan	2026	-	-	-	-	Opinion Recipient: Target Board. Advisor range is J.P. Morgan's applied FV/LTM EBITDA reference range (implied $7.11-$17.89/sh). Business Model: Components. No EV or EV/EBITDA for the subject deal is disclosed in the proxy — all-stock at a fixed 0.1455 ratio. PENDING: vote 20 Aug 2026. This opinion contains no exchange-ratio or relative-value analysis; the standalone ranges are the entire opinion.	Open