Leggett & Platt Inc T.LEG

Primary Symbol: LEG

Consumer Cyclical

Leggett & Platt, Incorporated is a manufacturer that conceives, designs, and produces a range of engineered components and products found in many homes and automobiles. The Company’s segments include Bedding Products, Specialized Products and Furniture, Flooring & Textile Products. Bedding Products segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products, as well as produces private label finished mattresses for bedding brands. Specialized Products segment supplies lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. It also produces and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and construction industries. Furniture, Flooring & Textile Products segment supplies a range of components for residential and work furniture manufacturers.

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Leggett & Platt Inc > Sale, Deadline Extension, or Proxy Fight?

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Comment by poiseon May 25, 2015 4:11pm

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Post# 23762130

RE:Sale, Deadline Extension, or Proxy Fight?

Company will not be sold or taken over by the Front Four Fools. Up to three oil pools to be sold. Manor, Maryfield(bakken) and Heward will be sold off. Company has positioned itself to focus on the Midale Frack oil pools as they have a vast land position with 300+ targets. All or most cash flow and Capex to be applied to Taylorton/Pinto and the Steelman Midale beds. Management staying put as they have specialized on Fracking Midale Beds. Very simple folks. Torc may be the buyer. Using CPP cash. NG sales will increase substantially. Enjoy and hold. JMHO

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