FTC Wants More Info On $1.3B Tempur-Pedic, Sealy Deal

Law360, New York (November 30, 2012, 8:07 PM EST) -- Tempur-Pedic International Inc. and Sealy Corp. said Friday that a federal antitrust watchdog was seeking more information on their proposed $1.3 billion tie-up, a transaction investors have alleged benefits private equity giant KKR & Co. LLP but undervalues Sealy.

Tempur-Pedic and Sealy said they received a request for additional information and documentary materials from the Federal Trade Commission regarding Tempur-Pedic's acquisition of Sealy under the Hart-Scott-Rodino Antitrust Improvements Act.

The FTC's bid for information means that the waiting period for closing the deal — imposed by...
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