Tempur Sealy Takes Steps To Get Approval of Its Mattress Firm Deal

Key Takeaways Tempur Sealy International said it has taken steps to get its planned takeover of rival Mattress Firm approved by regulators. The FTC has challenged the $4 billion deal, arguing it would limit competition and increase prices. Tempur Sealy also announced the sale of up to$1.6 billion in debt to help pay for the Mattress Firm acquisition. Tempur Sealy International (TPX) on Monday said it has taken steps to get its planned $4 billion takeover of rival Mattress Firm approved by regulators. The b ...