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Tempur-Pedic International Inc Updates On Proposed Acquisition Of Sealy Corporation

Monday, 25 Feb 2013 08:00am EST 

Tempur-Pedic International Inc announced an update to investors on the anticipated timing for the closing of the proposed acquisition of Sealy Corporation. Sealy's Information Statement has been cleared by the Securities and Exchange Commission and was mailed to stockholders on February 22. Under the terms of the Merger Agreement with Sealy, this mailing must occur at least 20 calendar days prior to the closing of the acquisition. This condition will be satisfied on March 14, 2013. With respect to Hart-Scott-Rodino (HSR) clearance, the extended waiting period for Federal Trade Commission review expires on March 8, 2013. Assuming the Company receives HSR clearance by March 8, 2013, the Company intends to close the acquisition of Sealy in March. 

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