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VisitFTC 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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Markets
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Official announcement from FTC or court records
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Official announcement from FTC or company press releases
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Stock price increases • 33%
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Case is settled out of court • 33%
Court rules in favor of Tempur Sealy • 33%
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FTC successfully blocks the acquisition • 33%
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