Tempur Sealy Closing Mattress Firm Buy After Court Approves Deal

Tempur Sealy International Inc. said it expects to close its $4 billion acquisition of Mattress Firm Inc. on Wednesday, following a Texas federal court ruling allowing their tie-up to proceed.

The Federal Trade Commission “indicated that it will not seek emergency relief” from a US appeals court to prevent the merger from closing, Tempur Sealy said in a Tuesday statement.

A temporary restraining order blocking Tempur Sealy and Mattress Firm from completing their merger is scheduled to expire Feb. 7, but the court revised the order Tuesday so it would lift upon the FTC “deciding not to seek emergency relief.” ...