on may 9, the global mattress giant tempur sealy international, inc. announced that it has signed a definitive agreement to acquire mattress, the largest mattress specialty retailer in the united states, in a cash and stock transaction firm, worth about $4 billion. the transaction consideration includes approximately $2.7 billion in cash and a payment to mattress $1.3 billion in stock issued by firm shareholders. after the transaction is expected to close in the second half of 2024, mattress firm is expected to operate as a separate business unit within the company.
