FTC unanimously moves to block $4 billion merger of mattress giants ...Middle East

By Ramishah Maruf, CNN New York (CNN) — The Federal Trade Commission unanimously voted to block mattress maker Tempur Sealy’s purchase of Mattress Firm on Tuesday. In May, Tempur Sealy – the world’s largest mattress supplier and manufacturer – agreed to buy the United States’ largest bedding retailer in a roughly $4 billion deal. The FTC authorized a lawsuit in federal court to block the acquisition. This is breaking news and will be updated. The-CNN-Wire™ & © 2024 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved. The post FTC unanimously moves to block $4 billion merger of mattress giants appeared first on News Channel 3-12.

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