Tempur Sealy Moves Forward with Mattress Firm Acquisition, FTC Court Hearings Set for November
Portfolio Pulse from Benzinga Newsdesk
Tempur Sealy International is progressing with its acquisition of Mattress Firm, despite FTC challenges. Court hearings are set for November 2024. Tempur Sealy plans to divest 73 Mattress Firm locations and its Sleep Outfitters subsidiary to Mattress Warehouse, contingent on the acquisition's completion.
September 23, 2024 | 10:58 am
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Tempur Sealy's acquisition of Mattress Firm is under FTC scrutiny, with court hearings scheduled for November 2024. The company plans to divest certain retail locations to Mattress Warehouse, contingent on the acquisition's completion.
The acquisition is significant for Tempur Sealy's growth strategy, but the FTC's challenge introduces uncertainty. The divestiture plan may appease regulatory concerns, but the outcome of the hearings will be crucial for the acquisition's success.
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