Tempur Sealy Cleared to Close Acquisition of Mattress Firm

Feb. 04, 2025 12:10 PM ETTempur Sealy International, Inc. (TPX)

LEXINGTON, Ky., Feb. 4, 2025 /PRNewswire/ — Tempur Sealy International, Inc. (TPX) (NYSE: TPX, “Company” or “Tempur Sealy”) announced today that it expects to close its previously announced acquisition of Mattress Firm Group Inc. (“Mattress Firm”), the nation’s largest mattress specialty retailer, on Wednesday, February 5, 2025. This follows the ruling from the United States District Court for the Southern District of Texas denying the motion by the Federal Trade Commission (“FTC”) for a preliminary injunction to halt the closing of the proposed acquisition. The FTC has indicated that it will not seek emergency relief from the Fifth Circuit and will not prevent the transaction from closing.

Tempur Sealy Chairman and CEO Scott Thompson commented, “We are excited to move forward with our combination with Mattress Firm, which creates the leading vertically integrated global bedding company and which we strongly believe will bring significant benefits to all of our stakeholders.”

Business Update Call

The Company will hold a conference call on Thursday, February 6, 2025 at 8:00 a.m. Eastern Time to discuss the transaction.

The Company has a separate conference call scheduled to discuss the Fourth Quarter and Full Year 2024 financial results on Thursday, February 20^th, 2025 at 8:00 a.m. Eastern Time.

The calls will be webcast and can be accessed on the Company’s investor relations website at investor.tempursealy.com. After the conference calls, webcast replays will remain available on the investor relations section of the Company’s website for 30 days.

https://seekingalpha.com/pr/19991285-tempur-sealy-cleared-to-close-acquisition-of-mattress-firm#hasComeFromMpArticle=false