Tempur Sealy Files Case To Enjoin FTC's Administrative Merger Challenge, Argues FTC Is Violating Constitutional Protections; Hearing Scheduled To Begin On November 12, 2024, And Expected To Last 2-Weeks.
Portfolio Pulse from Benzinga Newsdesk
Tempur Sealy International, Inc. has filed a complaint seeking to enjoin the FTC's administrative challenge to its merger with Mattress Firm, arguing it violates constitutional protections. A federal court hearing is scheduled for November 12, 2024.
October 04, 2024 | 1:31 pm
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Tempur Sealy is challenging the FTC's administrative proceedings against its merger with Mattress Firm, claiming constitutional violations. A court hearing is set for November 12, 2024.
The legal challenge by Tempur Sealy against the FTC's proceedings could impact the merger's progress. However, the outcome is uncertain until the court hearing, leading to a neutral short-term impact on TPX's stock price.
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