Tempur Sealy Takes Steps To Get Approval of Its 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 FTC has challenged the $4 billion deal, arguing it would limit competition and increase prices. Tempur Sealy also announced the sale of up to $1.6 billion in debt to help pay for the Mattress Firm acquisition. Tempur Sealy International ( TPX ) on Monday said it has taken steps to get its planned $4 billion takeover of rival Mattress Firm approved by regulators. The bedding company reported that it agreed to sell 73 Mattress Firm retail locations and its Sleep Outfitters subsidiary, which has 103 retail outlets and seven distribution centers, to privately held Mattress Warehouse. Tempur Sealy Chief Executive Officer (CEO) Scott Thompson explained that the move came after the company "conducted a divestiture process" as part of its talks with the Federal Trade Commission (FTC) . The FTC has challenged the Mattress Firm deal, arguing that it would hurt competition and raise mattress prices for consumers. Hearings on FTC Challenge Set To Begin in November Tempur Sealy no
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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 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