Sealy (ZZ): FQ3 EPS of $0.00 misses by $0.03. Revenue of $365.4M (+9.4% Y/Y) beats by $21M. Shares +2.8%
premarket.
More on Tempur Pedic (TPX +5.4%) / Sealy (ZZ) deal - Tempure-Pedic is paying $229M to acquire Sealy, although the whole transaction is valued at $1.3B including the Sealy debt that Tempure-Pedic has agreed to assume or repay. Having ended at $2.14 yesterday, Sealy shares spiked 10% earlier but have settled down a bit and are +4.2% to $2.23, above TPX's offer price of $2.20.
More Stocks News More on Tempur Pedic (TPX +5.4%) / Sealy (ZZ) deal - Tempure-Pedic is paying $229M to acquire Sealy, although the whole transaction is valued at $1.3B including the Sealy debt that Tempure-Pedic has agreed to assume or repay. Having ended at $2.14 yesterday, Sealy shares spiked 10% earlier but have settled down a bit and are +4.2% to $2.23, above TPX's offer price of $2.20.
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