Tempur Sealy to Sell Over 100 Stores to Close $4B Mattress Deal
Tempur Sealy(TPX) ZACKS·2024-09-25 00:47
Tempur Sealy International, Inc. (TPX) is pushing forward with its plans to acquire Mattress Firm, despite an ongoing legal challenge from the Federal Trade Commission. The company has agreed to sell its Sleep Outfitters subsidiary and a portion of Mattress Firm's footprint. Tempur Sealy's acquisition of Mattress Firm could be transformative, positioning the company as a dominant player in the North American mattress market. CEO Scott Thompson remains optimistic about the deal, expressing confidence in a fa ...