New York (CNN) — The Federal Trade Commission unanimously voted to block mattress maker Tempur Sealy’s purchase of Mattress Firm on Tuesday.
In May, Tempur Sealy – the world’s largest mattress supplier and manufacturer – agreed to buy the United States’ largest bedding retailer in a roughly $4 billion deal.
The FTC authorized a lawsuit in federal court to block the acquisition.
This is breaking news and will be updated.
The-CNN-Wire
™ & © 2024 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.