FTC Blocks $4 Billion Tempur Sealy and Mattress Firm Merger

The Federal Trade Commission unanimously votes to halt the acquisition, citing concerns over competition and consumer prices.

The FTC's unanimous decision aims to prevent the merger from reducing competition and raising mattress prices.
Tempur Sealy, the world's largest mattress supplier, sought to acquire Mattress Firm, the largest U.S. bedding retailer.
Regulators argue the merger would harm consumers and lead to layoffs in American manufacturing jobs.
Tempur Sealy and Mattress Firm maintain the merger would benefit consumers and enhance the industry.
The FTC's lawsuit is part of broader efforts to scrutinize and block large corporate mergers.