South African retailer Steinhoff and Mattress Firm are likely shopping for some new pajamas after announcing the “successful consummation” of a previously announced $64 per share cash tender offer for the U.S. company’s outstanding common stock. [More]
bed buddies
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Mattress Firm Getting Into Bed With Rival Sleepy’s In Deal Worth $780M
Instead of going to the mattresses* like they used to, two big rivals are hopping into bed together: Mattress Firm Holdings has agreed to buy Sleepy’s in a $780 million deal. [More]