Canadian Mattress Retailer to Acquire Sleep Number for $702 Million
Sleep Country, a Canadian mattress retailer, is acquiring U.S.-based Sleep Number in a deal valued at over $700 million. The acquisition includes nearly $530 million in cash and was approved by the U.S. Bankruptcy Court. Sleep Number filed for bankruptcy last month despite an earlier investment from Travis Kelce.
Tickers: $SNBR
Topics: bankruptcy acquisition mattress industry retail consolidation