DGLimages/iStock via Getty Images Tempur Sealy ( NYSE: TPX ) seesawed amid a notice for a Federal Trade Commission closed door meeting. The FTC scheduled a close door meeting for Monday at 11am for consideration of a nonpublic law enforcement matter, according to a listing posted Wednesday on the regulator's website. Some investors believe the meeting may be about Tempur Sealy's ( TPX ) planned combination with Mattress Firm.
The FTC is expected to make a decision on the transaction as early as next week, according to a CTFN report on Monday. While sometimes these FTC meetings are about public companies, oftentimes they are about private firms. Cerevel Therapeutics ( CERE ), which fell 4.
5% on Tuesday, also appeared to drop in conjunction with the FTC notice as some investors are concerned that the regulator may sue to block its planned sale to AbbVie ( ABBV ). Tempur Sealy ( TPX ) said in March said it expects the FTC to complete its review of its Mattress Firm acquisition by the end of Q2. More on Tempur Sealy Tempur Sealy: Bedding Premiumization Offset By Headwinds In U.
S. Mattress Market Tempur Sealy International, Inc. (TPX) Q1 2024 Earnings Call Transcript Tempur Sealy drops amid report of meeting with FTC on Mattress Firm; decision may come next week Tempur Sealy reports mixed Q1 results; reaffirms FY24 outlook Seeking Alpha’s Quant Rating on Tempur Sealy.
