Leggett & Platt Inc T.LEG

Primary Symbol: LEG

Consumer Cyclical

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.

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Leggett & Platt Inc > Need Advice

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Comment by Sukhi19on Jun 25, 2015 2:58pm

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Post# 23869255

RE:Need Advice

You should hold on to your shares.

If you bought for $2.90, you are getting $2.85 which is a loss but will be recovered down the road. As and when oil recovers, CPG SP will appreciate.

You did the right thing by voting yes.

LEG was debt-ridden and was facing hard choices. You are right if this deal does not go through, LEG will go down due to uncertainty and new buyers will be apprehensive. CPG is not going to sweeten the deal because CPG shareholders will not like that.

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