Tempur Sealy acquires Mattress Firm for $4 billion, impacting mattress stocks.
Tempur Sealy has agreed to acquire Mattress Firm for $4 billion in a deal that will involve a mix of cash and stock. The acquisition will make Mattress Firm a separate business unit and add two of its directors to Tempur Sealy's board. The deal will also boost Tempur Sealy's physical presence, bringing it to a total of approximately 3,000 retail stores, 30 e-commerce platforms, 71 manufacturing facilities, and 4 state-of-the-art R&D facilities worldwide.