US will sue to block Tempur Sealy's purchase of Mattress Firm--agency-February 2024-www.financetom.com

US will sue to block Tempur Sealy's purchase of Mattress Firm--agency

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US will sue to block Tempur Sealy's purchase of Mattress Firm--agency

Jul 2, 2024 9:14 AM

July 2 (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 ( TPX )

and retailer Mattress Firm.

Tempur Sealy ( TPX ) 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.

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