Tempur-Pedic, Sealy receive Hart-Scott-Rodino request Tempur-Pedic International (TPX) and Sealy Corporation (ZZ) announced that on November 30 they received a request for additional information and documentary materials from the FTC regarding Tempur-Pedic's proposed acquisition of Sealy. Completion of the transaction remains subject to the expiration or termination of the waiting period under the HSR Act and satisfaction of other customary closing conditions. Tempur-Pedic and Sealy continue to expect the transaction to close during 1H13.
News For TPX;ZZ From The Last 14 Days
Check below for free stories on TPX;ZZ the last two weeks.
Tempur Sealy price target raised to $75 from $64 at Piper Jaffray Piper Jaffray raised its price target for Tempur Sealy shares to $75 after meeting with management and reiterates an Overweight rating on the stock. Piper believes Tempur hit an inflection point in Q3, with the company seeing an acceleration in sales and earnings growth.