Leading bedding maker Tempur Sealy International announced on Tuesday it would buy the US’s largest specialty mattress retailer, Mattress Firm, in a cash and stock deal with an enterprise value of $4bn. The Kentucky-based company announced the deal alongside first-quarter results on Tuesday where it beats by $0.02, reported revs in-line and reaffirmed FY23 EPS guidance. The deal is expected to be accretive and close in 2H24. TPX said the deal comprises $2.7bn in cash and $1.3bn in stock. The … Continue reading “Under the Mattress, Tempur Sealy Buys Mattress Firm in $4bn deal”