Steinhoff Heads to U.S. With $2.4 Billion Mattress Firm Buy

  • Acquisition will create world’s largest bed retailer
  • Mattress Firm shares more than double in New York trading

Steinhoff International Holdings NV’s European acquisition spree swept across the Atlantic as the South African retailer agreed to buy Mattress Firm Holding Corp. for about $2.4 billion, sending the U.S. company’s shares soaring.

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