A PYMNTS Company

U.S.: Extension of waiting period for mattress merger

By  |  November 9, 2012

Tempur-Pedic has extended its waiting period to the end of the month by refilling paperwork to the Federal Trade Commission in its efforts to acquire Sealy Corp. The mattress companies may merge for a deal of $229 million. Tempur-Pedic has acknowledged the waiting period may be extended again if the FTC requests additional information. The companies announced plans of the merger last September, stating the two would continue to operate separately if the deal goes through. Sealy’s deadline to offer a “superior proposal” has expired at this time.

Full Content: Market Watch

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.