HOUSTON – A Federal Court has ruled that the acquisition of Tempur Sealy International of $ 4 billion from the mattress company can proceed.
The decision fell under Seal of the American Federal Court of the South Texas District on Friday evening with nine days to be done before the expiration of the agreement offered on Sunday, February 9. The judge also granted the FTC’s request from earlier this week the temporary prohibition order seven days so that the agency can continue an appeal before the Cirt Circuit Court of Appeals if it chooses it.
The opinion and the order were made under Seal, denying the request of the Federal Trade Commission to stop the closure of the acquisition. The decision was filed under SEAL, said the thesis, due to the wide range of confidential and owners was submitted during these derived procedures of Tempur Sealy, a mattress and a number other participants in the mattress industry
“We are happy that the United States District Court for the South Texas District has refused to ban our acquisition of a mattress company,” Tempur Sealy said in a statement. “Despite the continuous FTC efforts to block the transaction, we will endeavor to close it as soon as possible.”
An exposed version of the opinion will be available next week, according to the ordinance filed by judge Charles Eskridge.
See also: FTC, Tempur Sealy ready for a legal struggle more than $ 4 billion
