From Home Furnishing Business
More Than 67% of Mattress Firm Shares Tendered by Deadline
The two companies have said they hope to complete the deal by the end of September.
Mattress Firm shareholders will receive $64 per share, which makes the deal worth about $3.8 billion, including net debt.
It marks Steinhoff’s entry into the North American retail market, where Mattress Firm has more than 3,500 stores in 48 states.