Tempur Sealy to divest more than 100 stores in bid to close $4 billion Mattress Firm deal [Yahoo! Finance Canada]
Tempur Sealy International, Inc. (TPX)
Last tempur sealy international, inc. earnings: 4/30 06:37 am
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Source: Yahoo! Finance Canada
(Reuters) - Tempur Sealy International said on Monday it plans to sell more than 100 stores in a bid to get regulatory approval for its $4 billion deal with Mattress Firm. Tempur Sealy's merger with Mattress Firm, which would create a combined empire of about 3,000 stores globally, raised concerns about price hikes and job losses and led the U.S. Federal Trade Commission to sue in July to block the merger. The mattress manufacturer, which has been acquiring retailers to expand its presence in the segment, now plans to sell 73 Mattress Firm locations to independently owned bedding specialty retailer Mattress Warehouse. The company will also sell 103 specialty mattress retail locations under its Sleep Outfitters brand, and seven distribution centers. The divestiture is subject to the closing of its deal with Mattress Firm, Tempur Sealy said. The Lexington, Kentucky-based company said it would continue to supply its products to the divested Mattress Firm and Sleep Outfitters s
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News
- Tempur Sealy To Divest Stores, Distribution Centers Ahead of FTC Case [Yahoo! Finance]Yahoo! Finance
- Tempur Sealy to Sell Over 100 Stores to Close $4B Mattress Deal [Yahoo! Finance]Yahoo! Finance
- Tempur Sealy to divest stores to finalise $4bn Mattress Firm deal [Yahoo! Finance]Yahoo! Finance
- Tempur Sealy Takes Steps To Get Approval of Its Mattress Firm Deal [Yahoo! Finance]Yahoo! Finance
- Tempur Sealy to divest more than 100 stores in bid to close $4 billion Mattress Firm deal [Yahoo! Finance]Yahoo! Finance
TPX
Earnings
- 8/6/24 - In-Line
TPX
Sec Filings
- 9/23/24 - Form 8-K
- 8/8/24 - Form 10-Q
- 8/6/24 - Form 8-K
- TPX's page on the SEC website