Tempur Sealy International provided an update with respect to the Company’s acquisition of Mattress Firm Group. On May 9 Tempur Sealy signed a definitive agreement to acquire Mattress Firm, the largest mattress specialty retailer in the U.S. The Company continues to work with the FTC to advance the transaction, and now expects that the FTC will complete its review by the end of the Q2. Consistent with previous expectations, the Company continues to expect the transaction to close in mid to late 2024. Tempur Sealy and Mattress Firm continue to make joint progress in planning for post-closing, including solidifying Mattress Firm’s key supplier relationships ahead of the expected closing.
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