Tempur Sealy Successfully Completes Acquisition of Mattress Firm
1. Tempur Sealy acquires Mattress Firm, expanding U.S. retail footprint. 2. Name change to Somnigroup International reflects omni-channel strategy. 3. Pro forma sales reach $8 billion, with 85% in North America. 4. New board member Peter Sachse brings extensive retail experience. 5. Transaction funded with $2.7 billion cash and 34.2 million shares.