Tempur-Pedic Buys Sealy Corp.

Tempur-Pedic International Inc. said it will acquire rival mattress maker Sealy Corp. for about $242 million and assume about $750 million in debt, Reuters reported. Sealy's shares were up about 9 percent in pre-market trade at $2.33 on Thursday, above the offer price of $2.20 per share, indicating that some investors expect a higher offer.

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