Mattress Firm to be Acquired by Tempur Sealy in $4 Billion Deal

Tempur Sealy International Inc said on Tuesday it has agreed to acquire mattress retailer Mattress Firm in a cash-and-stock deal valued at around $4.0 billion, as the leading bedding maker looks to grow its business and stem a post-pandemic weakness in sales.

Shares of Tempur Sealy, which said the deal was expected to be closed in the second half of 2024, were down 3% in premarket trading.

Tempur Sealy, which is one of the largest mattress makers in the U.S., said it has received a request for additional information and documentary material from the Federal Trade Commission. The company expects to work with the FTC to complete the acquisition, it added.

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