Leggett & Platt Signs Agreement to Sell its Aerospace Products Group [Yahoo! Finance]
Leggett & Platt, Incorporated (LEG)
Last leggett & platt, incorporated earnings: 2/3 04:20 pm
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Source: Yahoo! Finance
by Tinicum Incorporated for a cash purchase price of $285 million before customary working capital and debt-type adjustments. The transaction is expected to close in 2025 as soon as all closing conditions are met, including necessary regulatory approvals. The after-tax cash proceeds are expected to be approximately $240 million The Aerospace Products Group is a supplier of complex, highly engineered tube and duct assemblies for use primarily in commercial and military aircraft platforms and space launch vehicles. The business is comprised of seven manufacturing facilities located in the U.S., UK, and France and approximately 700 employees with net trade sales of $190 million in 2024. This divestiture is part of the ongoing strategic business review, aimed at determining which businesses are the right long-term fit for the company. 2025 full year guidance excluding the Aerospace Products Group will be issued after the transaction closes. Lazard is serving as exclusive financial
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LEG
News
- Leggett & Platt (NYSE:LEG) had its "neutral" rating reaffirmed by analysts at Piper Sandler.MarketBeat
- Leggett & Platt (NYSE:LEG) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Leggett & Platt (NYSE:LEG) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- Somnigroup's Offer A Lifeline For Leggett Shareholders? No, A Slap In The Face [Seeking Alpha]Seeking Alpha
- Leggett & Platt faces $1.6 billion takeover bid, remembering Robert A.M. Stern, and more [Yahoo! Finance]Yahoo! Finance
LEG
Earnings
- 10/27/25 - Miss
LEG
Sec Filings
- 12/15/25 - Form 4
- 12/15/25 - Form 4
- 12/15/25 - Form 4
- LEG's page on the SEC website