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Tempur Sealy International, Inc. (TPX)
After hours:
| Previous close | 48.32 |
| Open | 48.20 |
| Bid | 45.89 x 900 |
| Ask | 47.85 x 800 |
| Day's range | 46.70 - 48.27 |
| 52-week range | 36.12 - 57.13 |
| Volume | |
| Avg. volume | 1,631,956 |
| Market cap | 8.12B |
| Beta (5Y monthly) | 1.63 |
| PE ratio (TTM) | 23.04 |
| EPS (TTM) | 2.03 |
| Earnings date | 01 Aug 2024 - 05 Aug 2024 |
| Forward dividend & yield | 0.52 (1.11%) |
| Ex-dividend date | 15 May 2024 |
| 1y target est | 63.50 |
PR NewswireTempur Sealy International to Host Business Update Call
Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") will hold a conference call on Monday, July 8th, at 8:00 a.m. Eastern Time to discuss the Company's response to the filing of a complaint by the U.S. Federal Trade Commission ("FTC") challenging the proposed combination of Tempur Sealy and Mattress Firm Group Inc. ("Mattress Firm"). As the acquisition is being challenged in court, the Company's commentary is limited and the Company will not take questions at this time.
Associated Press FinanceFTC unanimously moves to block Tempur Sealy's purchase of Mattress Firm
The Federal Trade Commission has unanimously voted to bring a lawsuit against mattress maker Tempur Sealy to block its $4 billion acquisition of Mattress Firm, saying the deal would allow the world's largest mattress supplier to suppress competition that would result in higher prices for shoppers. At the time, analysts had praised the acquisition and said it would allow Tempur Sealy to expand its distribution and reach more consumers at a crucial time for increasing sales. Acquiring Mattress Firm would also help Tempur Sealy buck the current slowdown in sales, caused by the cost-of-living crisis and many households having upgraded their mattresses during the pandemic, analysts said.
CNN BusinessFTC unanimously moves to block $4 billion merger of mattress giants
The Federal Trade Commission unanimously voted to block mattress maker Tempur Sealy’s purchase of Mattress Firm on Tuesday.
