Tempur Sealy to acquire Mattress Firm for $4bn.

Tempur Sealy, a bedding provider, agreed to acquire Mattress Firm, an American mattress store chain, for $4bn. "This transaction advances all four of our key long-term initiatives: to develop the highest quality bedding products, promote brands with compelling marketing, optimize our diverse omnichannel distribution platform, and drive EPS growth. Consistent with our M&A strategy, this acquisition will make Tempur Sealy more competitive by bringing us closer to consumers and facilitating continued innovation," Scott Thompson, Tempur Sealy Chairman and CEO.