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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

Comment by sunnyboy11on May 26, 2015 9:32pm
281 Views
Post# 23767509

RE:RE:For CPG to offer a discount to the closing price

RE:RE:For CPG to offer a discount to the closing priceCPG is doing a money raise as part of this deal. "offering of 21,060,000 Crescent Point common shares at $28.50 per share to raise gross proceeds of approximately CDN$600 million (the "Financing")." It will be used to pay down a large portion of LEG's debt.
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