FTC blocks $4B Tempur Sealy, Mattress Firm merger
The Federal Trade Commission on Tuesday unanimously blocked mattress supplier Tempur Sealy International Inc.’s $4 billion acquisition of retailer Mattress Firm Inc., saying the merger could stifle competition and lead to higher prices. Tempur Sealy owns Tempur-Pedic, Stearns & Foster and Sealy and is the world’s largest mattress supplier. The company had originally agreed to […]