Tempur Sealy International has reached a deal to sell dozens of Mattress Firm locations and the Sleep Outfitters retail chain to Mattress Warehouse as it works through a regulatory challenge to its planned acquisition of Mattress Firm.

Tempur Sealy International said on Monday it plans to sell more than 100 stores in a bid to get regulatory approval for its $4 billion deal with Mattress Firm. Tempur Sealy's merger with Mattress Firm,

Tempur Sealy has reached another deal to help win approval of its planned $4 billion acquisition of Houston-based Mattress Firm.

"Tempur Sealy to divest stores to finalise $4bn Mattress Firm deal " was originally created and published by Retail Insight Network, a GlobalData owned brand.

Tempur Sealy to sell 73 Mattress Firm stores, divest its Sleep Outfitters subsidiary, to get FTC nod on its $4 billion Mattress Firm deal.

Tempur Sealy will sell 73 Mattress Firm stores and the 103-store Sleep Outfitters to Mattress Warehouse following its acquisition of Mattress Firm.

Tempur Sealy International has a buyer for its Sleep Outfitters stores it has been looking to divest of since late last year ahead of its proposed acquisition of Mattress Firm, and the buyer is a familiar name.

Tempur Sealy International said on Monday it plans to sell more than 100 stores in a bid to get regulatory approval for its $4 billion deal with Mattress Firm.

Tempur Sealy International (NYSE:TPX) provided an update on Monday in regard to the company's agreement to acquire Mattress Firm Group Inc. The deal is currently being challenged in federal court by the Federal Trade Commission.

Tempur Sealy International said it has taken steps to get its planned $4 billion takeover of rival Mattress Firm approved by regulators.