HOUSTON – A federal court docket right here has dominated that Tempur Sealy Global’s $4 billion acquisition of Bed Company can continue.
The ruling got here down below seal from the U.S. Federal Court docket for the Southern District of Texas Friday night with 9 days left earlier than the proposed deal used to be set to run out Sunday, Feb. 9. The pass judgement on additionally granted the FTC’s request from previous this week to increase the brief restraining order seven days in order that the company may just pursue an attraction to the 5th Circuit Court docket of Appeals if it chooses.
The opinion and order have been entered below seal, denying the Federal Business Fee’s request to halt the ultimate of the purchase. The verdict used to be filed below seal, the temporary stated, on account of the huge array of confidential and proprietary data used to be submitted all through those lawsuits as derived from Tempur Sealy, Bed Company, and plenty of different members within the bed trade
“We’re happy that the US District Court docket for the Southern District of Texas has declined to enjoin our acquisition of Bed Company,” Tempur Sealy stated in a remark. “Regardless of the FTC’s ongoing efforts to dam the transaction, we can make each and every effort to near it once imaginable.”
A redacted model of the opinion shall be to be had subsequent week, consistent with the order filed through Pass judgement on Charles Eskridge.
See additionally: FTC, Tempur Sealy able for felony combat over $4B Bed Company acquisition
Executed deal. Tempur Sealy cleared to procure Bed Company – Furnishings Lately
