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]
Steinhoff
South African Retail Giant Steinhoff Buying Sleepy’s Owner Mattress Firm For $3.8B
By 8.8.16
Two big names are going to bed with each other, though one of them you may not be as familiar with: South African retailer Steinhoff — known as “Africa’s Ikea” — is buying America’s largest specialty bedding retailer Mattress Firm, for $3.8 billion. [More]
