02:06 PM EDT, 10/01/2024 (MT Newswires) -- Sleep Country Canada Holdings ( SCCAF ) on Tuesday said it completed the $1.7-billion sale of the company to a unit of Fairfax Financial Holdings Limited ( FRFHF ) .

Fairfax offered $35.00 in cash for each share of the mattress and bedding company and will take the retailer private. Shareholders of Sleep Country overwhelmingly approved the arrangement at a special meeting held on Sept. 18.

Sleep Country's shares will be delisted from the Toronto Stock Exchange shortly following the completion of the arrangement.

Sleep Country shares were last seen unchanged at $34.99 on the Toronto Stock Exchange.