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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 CanadianBuckon May 27, 2015 9:48am
309 Views
Post# 23768734

Expect the Lawyers to get Involved..

Expect the Lawyers to get Involved..
I would expect that the chances of a Class Action against Legacy and management is likely. Considering the obviously over inflated reserve numbers management was recently touting and the acceptance of a low ball bid from CPG. This is a shameful resolution and just one more example of incompetent management decisions. Trent is bailing himself out of his personal mess, and handcuffing Legacy with an onerous competition clause that reduces the chances of a competing bid. Poor management always find a way to screw up and Trent and Matt (gone now) are as bad a management team as it gets.
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