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Simpson Thacher Highlighted in Law360 for Successful Close of Mattress Firm/Tempur Sealy Following Antitrust Win Against FTC
03.20.25
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Simpson Thacher was highlighted in Law360’s How They Won It series in an article titled, “How Cleary, Simpson Thacher Went To The Mattresses With FTC,” which quoted Antitrust Partner Sara Razi and M&A Partner Jonathan Corsico. The profile detailed the Firm’s role in the successful closing of client Mattress Firm’s $5 billion acquisition by Tempur Sealy International, following a high-profile antitrust win against the FTC. Sara emphasized the importance of presenting objective market realities in contrast to the FTC's claims. She noted that the companies’ evidence proved to the court that other mattress companies were successful without relying on Mattress Firm for retail space, as well as the low foreclosure share the deal would present. Jonathan discussed the strategic choice to submit the Mattress Firm acquisition for regulatory review before finalizing the agreement, noting that this approach provided valuable insights into the FTC’s potential concerns about the deal.
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