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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 CoreyBon May 27, 2015 2:14am
283 Views
Post# 23768079

RE:RE:RE:Need Guidance

RE:RE:RE:Need GuidanceDoes the $2.85 not just represent the value of the deal at a per share level? There was statement in there about .095 shares from CPG for every share of LEG owned...which I take to mean if I own 1000 shares LEG ($2850 value at purchase price) then after this proposal closes I would own 95 CPG shares ($2707 at bought deal price).   Out $143 at 1000 shares, start moving that decimal point for you rich buggers.

If you are in at much more than $3/share I feel for you. If you are close to the stated value, DRIP it and forget it, CPG is a buy and forget type of company IMO. Unless this deal crashes or LEG goes well over $3 in near future I think I will eat my small loss for more CPG on a DRIP. I played with a small portion on the rumours hoping for a much better deal that I figured was coming, disappointed in no quick easy money but happy I didn't go bet the bank. GLTA
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