FTC Clears Tempur-Pedic's $1.3B Sealy Buy

Law360, New York (March 8, 2013, 5:11 PM EST) -- Mattress makers Tempur-Pedic International Inc. and Sealy Corp. on Friday said the U.S. Federal Trade Commission has given the green light for Tempur-Pedic’s $1.3 billion acquisition of its soon-to-be ex-rival, sealing a deal that investors have alleged benefits private equity giant KKR & Co. LP but undervalues Sealy.

Lexington, Ky.-based Tempur-Pedic, known for its foam products, and Trinity, N.C.-headquartered Sealy said in a joint statement that in light of the regulator’s announcement that it won’t stand in the way of the tie-up, the acquisition is set...
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