Tempur Sealy to sell over 100 stores to FTC in response to $4B Mattress Firm acquisition challenge.
Tempur Sealy plans to sell over 100 stores, including Sleep Outfitters and Mattress Firm locations, to facilitate its $4 billion acquisition of Mattress Firm. This decision comes in response to a challenge from the Federal Trade Commission (FTC) regarding the takeover. The divestiture aims to address regulatory concerns and ensure the deal proceeds smoothly.
September 23, 2024
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