Tempur Sealy sees Mattress Firm acquisition closing tomorrow
Tempur Sealy announced that it expects to close its previously announced acquisition of Mattress Firm on Wednesday, February 5. This follows the ruling from the United States District Court for the Southern District of Texas denying the motion by the Federal Trade Commission for a preliminary injunction to halt the closing of the proposed acquisition. The FTC has indicated that it will not seek emergency relief from the Fifth Circuit and will not prevent the transaction from closing, the company said in a statement. Tempur Sealy CEO Scott Thompson commented, "We are excited to move forward with our combination with Mattress Firm, which creates the leading vertically integrated global bedding company and which we strongly believe will bring significant benefits to all of our stakeholders."
