Overview
- 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.