Lexington, Kentucky-based Tempur Sealy said it believes the merger, announced in May of 2023, will survive the FTC's court challenge, allowing the transaction to close late this year or in early 2025.

Update 1:20pm: Updates shares, adds Tempur Sealy response. The Federal Trade Commission sued to block mattress maker Tempur Sealy's (NYSE:TPX) planned $4 billion purchase of retailer Mattress Firm.

The Federal Trade Commission unanimously voted to block the world's largest mattress supplier Tempur Sealy from acquiring the United States' largest mattress retailer in a $4 billion deal.

NEW YORK — The Federal Trade Commission has unanimously voted to bring a lawsuit against mattress maker Tempur Sealy to block its $4 billion acquisition of Mattress Firm, saying the deal would ...

Tempur Sealy, which had supplied mattresses to the retailer for more than a decade, balked and walked away. Mattress Firm filed for Chapter 11 bankruptcy protection the following year, and the two ...

Tempur Sealy’s decision to sue the FTC over the agency’s challenge to its acquisition of Mattress Firm is the latest turn in a case that began last summer, when the mattress maker announced it ...

Dive Brief: Tempur Sealy and Mattress Firm on Tuesday asked a federal judge in Texas to issue a preliminary injunction to halt a Federal Trade Commission court proceeding set to start Tuesday. The ...

The Federal Trade Commission has voted unanimously to block Tempur Sealy’s proposed $4 billion acquisition of Mattress Firm due to competition and pricing concerns, challenging a bedding deal ...

Bank of America Securities analyst Rafe Jadrosich maintained a Buy rating on Tempur Sealy (TPX – Research Report) yesterday and set a price target of $58.00. Rafe Jadrosich has given his Buy ...

7/2: CBS Morning News 20:16. Tempur Sealy's proposed $4 billion acquisition of Mattress Firm is getting challenged by the Federal Trade Commission, the antitrust agency announced on Tuesday.