HOUSTON – A federal court here has ruled that Tempur Sealy International’s $4 billion acquisition of Mattress Firm can proceed.
The ruling came down under seal from the U.S. Federal Court for the Southern District of Texas Friday evening with nine days left before the proposed deal was set to expire Sunday, Feb. 9.
The opinion and order were entered under seal, denying the Federal Trade Commission’s request to halt the closing of the acquisition. The decision was filed under seal, the brief said, because of the large array of array of confidential and proprietary information was submitted during these proceedings as derived from Tempur Sealy, Mattress Firm, and a number of other participants in the mattress industry
A redacted version of the opinion will be available next week, according to the order filed by Judge Charles Eskridge.
The judge also granted the FTC’s request from earlier this week to extend the temporary restraining order seven days so that the agency could pursue and appeal to the Fifth Circuit Court of Appeals if it chooses.
See also:
FTC, Tempur Sealy ready for legal fight over $4B Mattress Firm acquisition