10 Firms Shine Amid Market Slump

6. Tempur Sealy International Inc. (NYSE:TPX)

Beddings manufacturer Tempur Sealy grew its share prices on Monday by 5.99 percent to finish at $66.92 apiece as investor sentiment was fueled by optimism that it was moving forward with its planned acquisition of Mattress Firm Inc. for $4 billion.

On Friday, a US Judge in Texas gave his go signal for Tempur Sealy to acquire Mattress Firm, overturning an earlier decision from the Federal Trade Commission (FTC) that had blocked the deal in July last year over concerns that it would hurt consumers, arguing that the takeover violates antitrust laws and would reduce options for US mattress buyers.

Despite the go-signal, the judge, however, emphasized that Tempur Sealy and Mattress Firm cannot close the acquisition deal until February 7, to allow time for FTC to file an appeal.

Tempur Sealy is the world’s largest mattress maker with top brands including Tempur-Pedic, Sealy Posturepedic, and Stearns & Foster. Meanwhile, Mattress Firm, owned by South African retailer Steinhoff International Holdings NV, operates more than 2,300 stores across 49 states.