Sealys

Judge Approves Tempur Sealy’s $4 Billion Acquisition of Mattress Firm, Overruling FTC Concerns

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HOUSTON — A significant development in the retail and mattress industry unfolded on Friday as a federal judge ruled in favor of Tempur Sealy International’s ambitious $4 billion acquisition of Mattress Firm. This decision came despite the Federal Trade Commission’s (FTC) efforts to block the merger, claiming it would be detrimental to consumers. The transaction, initially announced in May 2023, was slated for completion in the latter half of last year. However, the FTC’s intervention has delayed the process, arguing that the merger would restrict competition and limit consumer choices by controlling significant retail outlets … Read more

As Clock Ticks Down, Business World Awaits High-Stakes Ruling on Tempur Sealy’s Bid to Purchase Mattress Firm

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Houston, Texas – The corporate landscape of the mattress industry faces potential upheaval as a Texas court deliberates on a major acquisition proposal from Tempur Sealy International Inc. to purchase Mattress Firm. The $4 billion deal, which is now under scrutiny, could significantly reshape the market if allowed to proceed. The Federal Trade Commission (FTC) has unanimously voted to block the acquisition, resulting in legal action in the U.S. Federal Court for the Southern District of Texas. Both parties have presented extensive evidence and arguments, and the decision now rests with Judge Charles Eskridge. In … Read more