Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") today issued the following statement regarding the press release issued by the U.S. Federal Trade Commission ("FTC") announcing that it would be challenging the proposed combination of Tempur Sealy and Mattress Firm Group Inc. ("Mattress Firm").
(Reuters) -The U.S. Federal Trade Commission said on Tuesday it will sue to block the $4 billion merger between mattress manufacturer Tempur Sealy International Inc and retailer Mattress Firm. Tempur Sealy had announced the cash-and-stock deal in May 2023, seeking to add Mattress Firm's more than 2,300 brick-and-mortar store locations. The combined company would have about 3,000 stores globally.
While Tempur Sealy International, Inc. ( NYSE:TPX ) might not have the largest market cap around , it received a lot of...