Tempur Sealy to divest more than 100 stores in bid to close $4 billion Mattress Firm deal [Yahoo! Finance]
Tempur Sealy International, Inc. (TPX)
Last tempur sealy international, inc. earnings: 4/30 06:37 am
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Source: Yahoo! Finance
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 stores. The hearing of its litigation process with the U.S FTC is scheduled to begin on Nov. 12 and is expected to last for two weeks. In a separate statement, Tempur Sealy said it has entered into a term loan agreement for $1.6 billion to help fund its cash-and-stock deal to add Mattress Firm's more than 2,300 brick-and-mortar store locations to its lineup. (Reporting by Anuja Bharat Mistry in Bengaluru;
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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 Canada]Yahoo! Finance Canada
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