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

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

Tempur Sealy International, Inc. TPX is pushing forward with its plans to acquire Mattress Firm, despite an ongoing legal challenge from the Federal Trade Commission. The company has agreed to sell its Sleep Outfitters subsidiary and a portion of Mattress Firm’s footprint.