FTC Challenges Tempur Sealy’s Acquisition of Mattress Firm

Tempur Sealy (TPX) has provided an update.

The U.S. Federal Trade Commission is set to challenge Tempur Sealy International’s planned acquisition of Mattress Firm Group, signaling potential antitrust concerns. The FTC’s move, announced on July 2, 2024, could disrupt the deal agreed on May 9, 2023. Tempur Sealy has issued a press release addressing the FTC’s actions, underscoring the growing scrutiny over mergers in the bedding industry.

For detailed information about TPX stock, go to TipRanks’ Stock Analysis page.