Steinhoff to sell entire stake in Mattress Firm to Tempur Sealy | Business

NYSE-listed Tempur Sealy said on Tuesday it had signed a"definitive agreement" to acquire all Mattress Firm's issued shares for $4 billion. The sale has already been approved by the boards of both companies.

"We are excited by the long-term growth prospects for our global vertically integrated company," said Tempur Sealy chair and CEO Scott Thompson. Tempur Sealy and Mattress Firm’s combined global footprint would include approximately 3 000 retail stores and 30 e-commerce platforms. Tempur Sealy said the transaction is expected to be funded by around $2.7 billion in cash and $1.3 billion in stock for Mattress Firm's shareholders. Steinhoff will receive 45% of both. Newsletter

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

EXCLUSIVE: FSCA has 75 market abuse cases open involving listed securitiesThe cases include investigations into Steinhoff, Tongaat Hulett, PPC and Ayo Technology Solutions
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »

Some Steinhoff shareholders to start getting settlement cash from Wednesday | BusinessRetail shareholders of Steinhoff International who saw the value of their investments almost wiped out in the wake of its accounting scandal will start receiving settlement cash from Wednesday. | News24_Business
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »