Tempur Sealy to divest stores to finalise $4bn 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
Tempur Sealy expects the transaction with Mattress Firm to be completed by late 2024 or early 2025. Tempur Sealy chairman and CEO Scott Thompson stated: "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." Following the completion of both the Mattress Firm deal and the divestiture, Tempur Sealy anticipates operating more than 2,800 retail locations globally. The company also expects that half of its North American sales will be attributed to Mattress Firm operations. Tempur Sealy continues to project annual run-rate synergies of $100m by the end of the fourth year post-closure. In a separate statement, the retailer entered into a Term Loan B agreement for $1.6bn to help fund its cash-and-stock deal. "Tempur Sealy to divest stores to finalise $4bn M
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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 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
- 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