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Tempur Sealy defends Mattress Firm deal, citing competition from e-commerce, union support for transaction

By Flavia Fortes ( July 8, 2024, 14:50 GMT | Insight) -- Tempur Sealy faces competition in the bedding industry from several companies using diverse purchasing options, including e-commerce, which has seen the fastest growth in the sector, the company said in a business update call. The company rejected the US Federal Trade Commission’s allegation that its acquisition of Mattress Firm will harm competition. Tempur Sealy also rejected the agency’s argument that the deal will harm the US workforce, saying the majority of the unions representing its employees submitted letters to support the transaction. Tempur Sealy faces competition in the bedding industry from several companies using diverse purchasing options, including e-commerce, which has seen the fastest growth in the sector, the company said in a business update call. The company rejected the US Federal Trade Commission’s allegation that its acquisition of Mattress Firm will harm competition....

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