Reported 12 months ago
The U.S. Federal Trade Commission announced its intention to sue and block the $4 billion merger between mattress manufacturer Tempur Sealy International Inc and retailer Mattress Firm. The FTC raised concerns about competition and the impact on prices for consumers and potential job losses. Tempur Sealy expressed disappointment with the decision and plans to address regulatory concerns by potentially divesting some stores, aiming to close the deal later in 2025.
Source: YAHOO