Mattress manufacturing leader Tempur Sealy first announced its plan to purchase retailer Mattress Firm in May 2023. The deal was opposed by the US Federal Trade Commission (FTC), which alleged ...

The case is Federal Trade Commission v. Tempur Sealy, 24-cv-2508, US District Court, Southern District of Texas (Houston). (Updates with company comment.) ...

Tempur Sealy’s most recently filed complaint against the FTC asks a judge to block the FTC challenge of the Mattress Firm merger through its own separate administrative proceeding in addition to ...

The FTC’s federal court case against Tempur Sealy is scheduled to begin on Nov. 12 with an evidentiary hearing before Judge Charles Eskridge in Houston that’s expected to last two weeks ...

Tempur Sealy Files Case to Enjoin FTC's Administrative Merger Challenge By Tempur Sealy International, Inc., Federal Trade Commission, Mattress Firm Group Inc. Oct 4, 2024 Updated Oct 4, 2024 ...

As of July, according to documents filed in the FTC’s case, Mattress Firm ran about 2,300 brick-and-mortar stores, and Tempur Sealy owned about 99 Tempur-Pedic and 109 Sleep Outfitters stores.

The FTC voted to block the deal in July, saying a vertical acquisition of Mattress Firm would allow Tempur Sealy to suppress competition and raise mattress prices for millions of customers.

Shares of Tempur Sealy, which closed Monday at $48.60, fell to $45.58 soon after markets opened Tuesday but rebounded and edged up to $48.83 as of 10:50 a.m. ET.

The FTC voted 5-0 to authorize the antitrust complaint opposing the $4 billion mattress merger. An antitrust legal theory of foreclosure underpins this FTC action against Tempur Sealy.