Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Leggett & Platt Inc T.LEG


Primary Symbol: LEG

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.


NYSE:LEG - Post by User

Post by FootballFan1on May 26, 2015 3:46pm
291 Views
Post# 23766299

Where Things Stand Now

Where Things Stand Now1) Legacy's press release dated April 23, 2015 stated "...Legacy and FrontFour have... agreed to a mutual standstill on proxy solicitation activities until May 25, 2015". Since this period has now expired, FrontFour could start a proxy fight at any time if they are not satisfied with negotiations to date. 2) The AGM is slated for June 30, 2015 - hard to see Trent Yanko and some/most board members remaining in place given that the Board allegedly backstopped a loan for Mr. Yanko when he and his wife faced a margin call for a sizable holding of shares in the company (would the Board do that for any other shareholder....?). 3) Hard to see them delaying the AGM date again - so in the next few days, I think the most likely outcome is either a sale of the entire company or capitulation of the existing Board and Mr. Yanko to most of FrontFour's demands.
<< Previous
Bullboard Posts
Next >>

USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse