Tempur-Pedic International (TPX) announced Thursday morning that it agreed to acquire Sealy Corp. (ZZ) for $2.20 per share in deal valued at about $1.3 billion. The deal is expected to close during the first half of 2013.
Tempur-Pedic International gapped open sharply higher Thursday and climbed in early trade. The stock settled into a range for the bulk of the session and closed up by 3.86 at $30.64, with volume at over a 3-month high. Tempur-Pedic rebounded from a week and a half long decline.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.