Consumer stocks were mixed premarket Monday, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 0.6% lower.
Somnigroup International (SGI) said it has proposed an all-stock deal to buy Leggett & Platt (LEG) for $12 a share, valuing the target at a 30.3% premium to its 30-day average price. Shares of Somnigroup were inactive, while shares of Leggett & Platt were up more than 11% pre-bell.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.