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Stock impact report

Tempur Sealy To Divest Stores, Distribution Centers Ahead of FTC Case [Yahoo! Finance]

Tempur Sealy International, Inc. (TPX) 
Last tempur sealy international, inc. earnings: 4/30 06:37 am Check Earnings Report
Company Research Source: Yahoo! Finance
a Federal Trade Commission (FTC) challenge of its $4 billion deal to acquire Mattress Firm. The mattress company said it signed a purchase agreement with MW SO Holdings Co. LLC (Mattress Warehouse) to acquire 73 Mattress Firm retail stores and Tempur Sealy's Sleep Outfitters subsidiary. The subsidiary includes 103 specialty mattress retail locations and seven distribution centers. More from Sourcing Journal “As part of our engagement with the FTC on the proposed acquisition of Mattress Firm, we conducted a divestiture process, which led to an agreement with Mattress Warehouse, a company with extensive mattress retail experience, a strong capital base, and a capable leadership team,” Tempur Sealy's chairman and CEO Scott Thompson said. After the transaction closes, Tempur Sealy will operate over 2,800 retail stores worldwide, with about half of its North American sales expected to come from the Mattress Firm operations. Tempur Sealy said it expects to realize annual run-rate sy Show less Read more
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