Tempur Sealy to Sell Over 100 Stores to Close $4B Mattress Deal [Yahoo! Finance]
Tempur Sealy International, Inc. (TPX)
Last tempur sealy international, inc. earnings: 4/30 06:37 am
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US:NYSE Investor Relations:
investor.tempursealy.com/investor-relations
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Source: Yahoo! Finance
TPX is pushing forward with its plans to acquire Mattress Firm, despite an ongoing legal challenge from the Federal Trade Commission. The company has agreed to sell its Sleep Outfitters subsidiary and a portion of Mattress Firm's footprint. Tempur Sealy's acquisition of Mattress Firm could be transformative, positioning the company as a dominant player in the North American mattress market. CEO Scott Thompson remains optimistic about the deal, expressing confidence in a favorable outcome in the coming months. The case is set to go to trial in November 2024, with hearings expected to last two weeks. If the litigation concludes successfully, the company aims to finalize this $4 billion deal with Mattress Firm by late 2024 or early 2025, as initially planned. Tempur Sealy's shares gained 0.7% on Monday. Tempur Sealy's Strategic Divestiture Plan To satisfy regulatory concerns, Tempur Sealy has agreed to sell 73 Mattress Firm locations and its Sleep Outfitters subsidiary to Mattr
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TPX
News
- Tempur Sealy To Divest Stores, Distribution Centers Ahead of FTC Case [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
- 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