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FTC unanimously moves to block $4 billion merger of mattress giants

New York CNN  —  The Federal Trade Commission unanimously voted to block mattress maker Tempur Sealy’s purchase of Mattress Firm on Tuesday. In May, Tempur Sealy – the world’s largest mattress supplier and manufacturer – agreed to buy the United States’ largest bedding retailer in a roughly $4 billion deal. The FTC authorized a lawsuit in federal court to block the acquisition.