Court Approves $1.7 Billion Sale of Sleep Country to Fairfax Financial

The acquisition, overwhelmingly supported by shareholders, is set to close on October 1, leading to Sleep Country's delisting from the Toronto Stock Exchange.

• The Ontario Superior Court of Justice has given final approval for Fairfax Financial Holdings Ltd. to acquire Sleep Country Canada Holdings Inc.
• Sleep Country shareholders voted 99.93% in favor of the $1.7 billion deal, priced at $35 per share.
• CEO Stewart Schaefer highlighted that the agreement will unlock shareholder value.
• The transaction is expected to close on or around October 1, pending customary closing conditions.
• Post-acquisition, Sleep Country will delist from the Toronto Stock Exchange and cease to be a reporting issuer under Canadian securities laws.

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