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How will Tempur Sealy's stock price react 7 days after FTC files the challenge?
2
Resolution / Starting Odds
Stock price increases • 33%
Stock price decreases • 33%
Stock price remains unchanged • 33%
Stock market data from financial news outlets
Story
FTC to Challenge Tempur Sealy's $4 Billion Acquisition of Largest Mattress Retailer Mattress Firm
Jul 2, 2024, 02:31 PM
The US Federal Trade Commission (FTC) is preparing to challenge Tempur Sealy International Inc.'s $4 billion acquisition of Mattress Firm. The FTC plans to sue to block the merger, according to sources familiar with the matter. Tempur Sealy is the largest mattress manufacturer in the US, while Mattress Firm is the largest mattress retailer. The challenge is expected to be filed as soon as tomorrow.
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