Bingham Guides Struggling Tempur-Pedic In $992M Sealy Buy
Under the deal's terms, Lexington, Ky.-based Tempur-Pedic, known for its foam products, will give Sealy shareholders $2.20 per share, representing a 23 percent premium over the 30-day average leading up to Wednesday's closing price. In addition to the $242 million cash consideration, Tempur-Pedic will assume about $750 million of its target's debt.
Sealy's share price ticked...
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