Steinhoff to Acquire Mattress Firm for About $2.4 Billion

  • South African discount retailer offers $64 a share in cash
  • Both company boards say they have approved the takeover

Steinhoff International Holdings NV agreed to buy Mattress Firm Holding Corp. for about $2.4 billion, a deal that vaults the South African discount retailer into the U.S. market while creating the world’s largest bedding giant.

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