FTC Unanimously Moves to Block Tempur Sealy's Purchase of Mattress Firm

NEW YORK (AP) — The Federal Trade Commission has unanimously voted to bring a lawsuit against mattress maker Tempur Sealy to block its $4 billion acquisition of Mattress Firm, saying the deal would allow the world's largest mattress supplier to suppress competition that would result in higher prices for shoppers. The deal was announced in May 2023. At the time, analysts had praised the acquisition and said it would allow Tempur Sealy to expand its distribution and reach more consumers at a crucial time for increasing sales. Acquiring Mattress Firm...