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FTC Unanimously Votes to Block Tempur Sealy's $4 Billion Acquisition of Mattress Firm

Jul 2, 2024, 03:05 PM

The U.S. Federal Trade Commission (FTC) is preparing to sue to block Tempur Sealy International Inc.'s $4 billion acquisition of Mattress Firm. The FTC's decision, which was unanimously voted 5-0, aims to challenge the vertical merger between the world's largest mattress supplier and manufacturer and the largest U.S. mattress retailer. This move is part of the FTC's broader effort to curb potential anti-competitive practices in the market. Tempur Sealy shares are down 0.4% pre-market.