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Tempur-Pedic International Inc Receives FTC Clearance For Acquisition Of Sealy Corporation

Friday, 8 Mar 2013 08:00am EST 

Tempur-Pedic International Inc and Sealy Corporation announced that the Federal Trade Commission (FTC) has cleared the Company's planned acquisition of Sealy. Based on this, the Company intends to close the acquisition on March 18, 2013. As previously disclosed, Tempur-Pedic will acquire all of the outstanding common stock of Sealy for $2.20 per share and all of Sealy's outstanding convertible and non-convertible debt, for a total transaction value of approximately $1.3 billion. 

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