Somnigroup/Leggett & Platt: FTC Cleared Deal Without Contacting Major Industry Participants

The FTC cleared Somnigroup’s (SGI) $2.5 billion acquisition of Leggett & Platt (LEG) after just 30 days without contacting several major industry participants, including some that have concerns about the deal and had previously engaged with the agency about Somnigroup’s litigated buyout of Mattress Firm, according to sources familiar with the matter