UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
Leggett & Platt, Incorporated
(Exact name of registrant as specified in its charter)
Missouri 1-7845 44-0324630
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
No. 1 Leggett Road, Carthage, MO 64836
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (417) 358-8131
(Former name or former address, if changed since last report.)
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Item 5. Other Events
Leggett & Platt, Incorporated (the "Company") has signed an
agreement to acquire Pace Holdings, Inc. together with its operating
subsidiary Pace Industries, Inc. ("Pace"). Pace, headquartered in
Fayetteville, Arkansas, is a manufacturer of a broad range of
engineered aluminum die cast components with 1995 sales of about
$200 million. To acquire Pace, Leggett expects to issue
approximately 5.2 million shares of this Company's common stock,
$.01 par value. In addition, Pace is expected to have outstanding
debt of approximately $200 million at closing. The closing of the
acquisition is expected later this month.
Current estimates of earnings indicate that in 1997, the acquisition
should enhance Leggett's earnings by about $.10 per share. Pace
is presently projected to enhance the Company's 1996 earnings per
share by $.03, before $.38 in non-recurring changes and one-time
expenses of the acquisition. Leggett's long-term debt to total
capitalization ratio will increase to approximately 31 percent
following the acquisition.
Item 7. Financial Statements and Exhibits
Not applicable.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Leggett & Platt, Incorporated
(Registrant)
Date May 6, 1996 /s/ Michael A. Glauber
Senior Vice President
(Signature)
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EXHIBIT INDEX
No Exhibits are required.
