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Mattress Firm

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business2 years ago

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.

via Fox Business|
#acquisition#business#cash-and-stock
business2 years ago

Tempur Sealy acquires Mattress Firm for $4 billion

Tempur Sealy International is set to acquire Mattress Firm in a cash-and-stock deal worth $4 billion, as the leading U.S. bedding maker looks to counter a post-pandemic decline in sales. The deal would give the combined company a footprint of about 3,000 stores globally. However, the companies expect to close the deal only by the second half of 2024, with analysts anticipating a lengthy review by regulators.

via NBC News|
#acquisition#business#mattress-firm
business2 years ago

Tempur Sealy acquires Mattress Firm in $4 billion deal.

Tempur Sealy International is set to acquire Mattress Firm in a cash-and-stock deal worth $4 billion, as the bedding maker aims to expand its business and counter a post-pandemic sales slump. The deal would create a combined company with a global footprint of about 3,000 stores, 30 online platforms, and 71 manufacturing facilities. Tempur Sealy expects the acquisition to add to adjusted per-share earnings before synergies in the first year post-close. The deal is expected to close in the second half of 2024.

via CNBC|
#acquisition#business#growth
business2 years ago

Tempur Sealy acquires Mattress Firm for $4 billion.

Tempur Sealy has agreed to acquire Mattress Firm in a cash-and-stock transaction valued at about $4 billion, which will result in a total of 3,000 retail stores, 30 e-commerce platforms, 71 manufacturing facilities, and four research and development facilities worldwide. The acquisition is expected to accelerate Tempur Sealy's growth trajectory and enhance operating cash flow. The companies expect to complete the transaction in the second half of 2024, and Mattress Firm will operate as a separate business unit within Tempur Sealy.

via The Associated Press|
#acquisition#business#e-commerce
business2 years ago

Tempur Sealy acquires Mattress Firm for $4 billion.

Tempur Sealy International has agreed to acquire Mattress Firm, the largest sleep retailer in the US, in a deal worth $4bn. The acquisition will give Tempur Sealy direct ownership of its largest retail partner and control of Mattress Firm’s more than 2,300 stores and e-commerce site, as well as significant market share. The deal is expected to close in the second half of 2024.

via Furniture Today|
#acquisition#business#market-share