FTC Will Sue to Block Tempur Sealy’s Mattress Firm Buy (2)

The US Federal Trade Commission will sue to block Tempur Sealy International Inc.’s $4 billion proposed deal with Mattress Firm Inc.

The agency on Tuesday announced that it had unanimously voted to bring a lawsuit to stop the merger, which it said would give the combined company “the ability and incentive to suppress competition and raise prices for mattresses for millions of consumers.”

“Through emails, presentations, and other deal documents, Tempur Sealy has made it abundantly clear that its acquisition of Mattress Firm is intended to kneecap competitors and dominate the market,” said Henry Liu, Director of the FTC’s ...