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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 goldensaskyon May 02, 2015 6:04pm
650 Views
Post# 23688571

Possible sale conclusion - Next week per Desjardin

Possible sale conclusion - Next week per Desjardin

Re: possible property sale

 
 Scuttle from Desjardins....
 
 

Hearing that the sales process for certain LEG assets is coming to a potential conclusion next week – we continue to believe that there is a good chance that SPE is involved, could be a catalyst for the stock. TOG and VET are less likely. RRX and CPG are other potential buyers.

The following is the theoretical M&A analysis that we have previously sent around for SPE, based on a $400 mln acquisition, which would roughly correspond with 4,500 boe/d of current production – which is the approx. size of LEG’s SE Sask – South region.

Keep holding folks
Sasky
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