Tempur Sealy agrees to buy Mattress Firm the largest U.S. mattress retailer for $4 billion

On May 9, the global mattress giant Tempur Sealy International, Inc. announced that it has signed a definitive agreement to acquire Mattress, the largest mattress specialty retailer in the United States, in a cash and stock transaction Firm, worth about $4 billion. The transaction consideration includes approximately $2.7 billion in cash and a payment to Mattress $1.3 billion in stock issued by Firm shareholders. After the transaction is expected to close in the second half of 2024, Mattress Firm is expected to operate as a separate business unit within the company.