“Regarding the FTC's challenge of the Mattress Firm acquisition, we are confident in the pro-competitive rationale for this transaction and look forward to presenting the facts of our case ...

The US Federal Trade Commission (FTC) intends to file a lawsuit to block a $4 billion deal between Tempur Sealy International Inc. and Mattress Firm Inc. This is reported in the FTC press release.

The two companies and the FTC did not immediately respond to Reuters requests for comment. Through the deal, Tempur Sealy seeks to add Mattress Firm's 2,300-plus brick-and-mortar stores.

Mattress Firm, owned by South African retailer Steinhoff ... Tempur Sealy said after the FTC filed suit that it would contest the allegations and believes the transaction is consistent with ...

But the FTC said Tuesday in its release that the acquisition would create “enormous power” at multiple parts of the mattress supply chain. By acquiring Mattress Firm, Tempur Sealy would wield ...

A hearing on the FTC's injunction request to halt the acquisition is yet to be scheduled by the Texas court, although both parties have proposed a hearing in November. Mattress Firm, currently ...

In 2015, the FTC settled with a retail tech firm called Nomi for, among other things ... In the past year, Baby product and mattress brand Newton Baby has put all its media channels through a new ...

(Bloomberg) -- Tempur Sealy International Inc. wanted to buy Mattress Firm Inc. to eliminate its biggest rival, according to newly unsealed documents in the government lawsuit seeking to block the ...

Spokespeople for the U.S. Department of Justice and the U.S. Federal Trade Commission (FTC ... Capri and mattress maker Tempur Sealy (NYSE:TPX)'s proposed acquisition of Mattress Firm as recent ...