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Stock Market & Financial Investment News

News Breaks
March 5, 2013
07:19 EDTZZ, TPXFTC could rule on proposed Tempur-Pedic, Sealy merger this week, Reuters says
The FTC could rule on the proposed merger between Tempur-Pedic (TPX) and Sealy (ZZ) as early as this week, Reuters reports. According to a poll of antitrust experts, four anticipate the deal will be approved, two believe the FTC could ask for asset sales and one believes the FTC "could go either way". Reference Link
News For TPX;ZZ From The Last 14 Days
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May 1, 2015
08:06 EDTTPXH Partners says all four proxy firms support calls for changes at Tempur Sealy
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April 30, 2015
09:31 EDTTPXTempur Sealy upgraded to Buy from Neutral at BofA/Merrill
08:24 EDTTPXTempur Sealy sends letter to shareholders highlighting 'significant progress'
In a letter sent to shareholders, Tempur Sealy said, "We urge you not to be misled by H Partners' characterization of Tempur Sealy's first quarter 2015 financial performance. Let the results speak for themselves: investor reaction to our performance was clear with shares hitting a 52-week high of $62.34, and on April 29th closing trading with the share price up 1.79%. Analysts' reactions were also very positive. Eight of the 11 analysts covering Tempur Sealy increased their target price following the Company's first quarter results and increased sales and earnings outlook. We believe that this demonstrates that the independent financial community agrees that Tempur Sealy is on the right path and that H Partners' demand to remove your CEO and leadership team would be detrimental to the health of the Company and your investment."
April 29, 2015
15:48 EDTTPXH Partners sends letter to Tempur Sealy holders, urges leadership change
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April 28, 2015
16:17 EDTTPXTempur Sealy sees 2015 adjusted EPS $2.80-$3.15, consensus $2.97
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16:17 EDTTPXTempur Sealy reports Q1 adjusted EPS 55c, consensus 48c
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15:06 EDTTPXNotable companies reporting after market close
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April 27, 2015
08:32 EDTTPXGlass Lewis, Proxy Mosaic recommend TPX holders vote against re-election
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April 22, 2015
14:06 EDTTPXEgan Jones recommends Tempur Sealy holders vote for all director nominees
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08:08 EDTTPXH Partners: ISS recommends Tempur Sealy investors vote against three directors
H Partners Management, the largest shareholder of Tempur Sealy International with an approximate 10% stake, announced that ISS, a proxy advisor, has issued a report recommending that Tempur Sealy shareholders vote “AGAINST” the re-election of the following directors at the 2015 Annual Meeting of Shareholders to be held on May 8: Mark Sarvary, President and CEO; P. Andrews McLane, Chairman of the Board; Christopher A. Masto, Chairman of the Nominating and Corporate Governance Committee. Usman Nabi of H Partners said, “We are pleased that ISS emphatically supports our effort to hold the Board accountable for Tempur Sealy’s significant underperformance. We urge all shareholders to protect their investment and send a clear message to the Board that the status quo is unacceptable by voting against these three directors today. By replacing these directors with those that are truly aligned with the interests of all shareholders, we can lay the foundations for Tempur Sealy to achieve its full earnings potential.”
April 21, 2015
16:26 EDTTPXTempur Sealy coverage assumed with an Outperform at Wedbush
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