07/03/2024 | Press release | Distributed by Public on 07/03/2024 12:56
The Federal Trade Commission moved to block Tempur Sealy International, Inc.'s (Tempur Sealy) proposed $4 billion acquisition of Mattress Firm Group Inc. (Mattress Firm).
The Commission issued an administrative complaint and authorized a lawsuit in federal court to block the acquisition, alleging that Tempur Sealy-the world's largest mattress supplier and manufacturer-will have the ability and incentive to suppress competition and raise prices for mattresses for millions of consumers once it acquires Mattress Firm.