Tempur Sealy agrees to buy Mattress Firm, the largest mattress retailer in the United States, for $4 billion

FAP, May 9 / PRNewswire-FirstCall-Asianet /-- Global mattress giant Tempur Sealy International and Inc agreed to buy Mattress Firm, the largest U.S. mattress retailer for $4 billion. It announced that it had signed a final agreement to acquire Mattress Firm, the largest professional retailer of mattresses in the United States, in a cash-and-stock deal, worth about $4 billion. The consideration includes about $2.7 billion in cash and $1.3 billion in shares issued to Mattress Firm shareholders. The transaction is expected to close in the second half of 2024, upon completion of which Mattress Firm is expected to operate as a separate business unit within the company.