Tempur-Pedic Jumps on Sealy Acquisition
September 27, 2012 at 10:17 AM EDT
When one company buys another, the company that’s being bought usually gets a big bump. In a surprising deal this morning, the buyer is coming out ahead with investors. Tempur-Pedic International (TPX) said this morning that it will buy memory-foam mattress rival Sealy Corp. (ZZ) in a deal worth about $1.3 billion. The transaction doesn’t [...]