Tempur Sealy to Buy Mattress Firm in About $4b Deal:M&A Snapshot

Tempur Sealy agrees to buy Mattress Firm in a cash and stock deal valued at about $4b.

• Deal to be funded by about $2.7b of cash consideration and $1.3b in stock consideration issued to Mattress Firm shareholders
• Deal to close in 2H 2024
• Mattress Firm is expected to operate as a separate business unit within the company
• JP Morgan Securities serving as sole financial adviser to Tempur Sealy; Sealy. Goldman Sachs, Barclays, and Jefferies serving as financial advisers to Mattress Firm

NOTE: Tempur Sealy shares were down as much as 8% pre market as of 6:47am ET

To ...