Tempur Sealy Acquires Mattress Firm For $4 Billion

Tempur Sealy announced it will buy Mattress Firm for $4 billion in a cash and stock transaction.
The deal is expected to close in late 2024 and Mattress Firm will operate as a separate business under Tempur Sealy.
The acquisition will give the combined company 3,000 stores worldwide, 30 e-commerce platforms and 71 factories.
Tempur Sealy will pay $2.7 billion in cash and $1.3 billion in stock to Mattress Firm shareholders.
Tempur Sealy expects the deal will add to earnings per share in the first year.