FTC sues to block Tempur Sealy’s $4B purchase of Mattress Firm (NYSE:TPX)

Tempur + Sealy sign is seen at Sealy Canada Ltd head office in Scarborough, On., Canada

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Update 1:20pm: Updated posts, added Tempur Sealy’s response.

The Federal Trade Commission has filed a lawsuit to block mattress manufacturer Tempur Sealy (New York:TPX) planned to buy retailer Mattress Firm for $4 billion. Up 2.4%

The regulatory authority issued an administrative complaint and issued a permit to file a lawsuit.

The post FTC sues to block Tempur Sealy’s $4B purchase of Mattress Firm (NYSE:TPX) first appeared on Investorempires.com.