Fairfax Financial, a financial holding company, agreed to acquire Sleep Country, a mattress retailer, for $1.7bn. "We have concluded that this transaction is in the best interests of Sleep Country and is fair to our shareholders. Following a comprehensive assessment and our extensive negotiations with Fairfax, we are pleased to have reached an agreement that provides certainty of significant and immediate value to shareholders," Christine Magee, Sleep Country Chair of the special committee of independent directors.