FTC Seeks Info On Tempur-Pedic-Sealy Deal
LEXINGTON, Ky. (AP) -- Tempur-Pedic International Inc. and Sealy Corp. said Friday that the Federal Trade Commission is requesting more information on their pending deal.
Specialty mattress maker Tempur-Pedic announced in September that it would acquire traditional mattress rival Sealy for about $228.6 million in cash.
The companies said the FTC asked them to provide additional information and documents. Tempur-Pedic and Sealy said they plan to respond to the request and work cooperatively with the FTC.
The companies said they still expect the deal to close during the first half of 2013.
Shares of Lexington, Ky.-based Tempur-Pedic gained 44 cents to close at $26.55. Shares of Sealy, based in Trinity, N.C., fell 3 cents to close at $2.17.