Mattress Firm Holding Corp to acquire Mattress King and BedMart Stores

Monday, 28 Apr 2014 08:00am EDT 

Mattress Firm Holding Corp:Enters into agreement to acquire substantially all of mattress specialty retail assets and operations of Mattress Liquidators, Inc., which operates Mattress King retail stores in Colorado and BedMart retail stores in Arizona.For aggregate purchase price of about $35 mln.Closing of the acquisition is expected to occur by the end of the second fiscal quarter of 2014 and will be funded by cash reserves and revolver borrowings, as well as a $3.5 million seller note that is payable in quarterly installments over two years. 

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1.02 +1.76%
4:00pm EDT