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Showing results for TEMPUR-SEALY INTERNATIONAL, INC., FDBA Tempur-Pedic International, Inc.
...Tempur Sealy International, which announced the acquisition alongside first-quarter results on Tuesday, said the deal comprises $2.7bn in cash and $1.3bn in stock....
...Tempur-Pedic International, the high-end mattress maker, will acquire rival Sealy in a transaction valued at $1.3bn, including debt, a deal that will create the US industry’s largest bedding company....
...Shareholders of Tempur-Pedic must have slept easily on Thursday night, after the company announced the purchase of rival Sealy....
...Shares in Tempur-Pedic rose 14.4 per cent to $30.64....
...Just a month or two ago, shareholders in US mattress maker Tempur-Pedic must have felt they were floating on a cloud....
...Another favourite pick is Tempur Pedic, the foam mattress maker, which has built a strong business developing material to shield astronauts while in space....
...Tempur Pedic International, the mattress maker, plunged 28.6 per cent to $11.70. It earnings guidance, citing consumer reluctance to buy big-ticket items....
International Edition