Mattress Firm Announces Early Termination of HSR Act Waiting Period in Connection with the Proposed Acquisition by Steinhoff
HOUSTON–(Via BUSINESS WIRE)– Mattress Firm Holding Corp. (“Mattress Firm” or the “Company”) (NASDAQ:MFRM), the nation’s largest mattress retailer, announced that on August 26, 2016, the Company and Steinhoff International Holdings N.V. (“Steinhoff”) (FRANKFURT: SNH) received early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”) with respect to the proposed acquisition of Mattress Firm by Steinhoff. The acquisition is expected to close by or around the end of the third calendar quarter, subject to satisfaction of a majority tender condition and other closing conditions.
About Steinhoff International Holdings N.V.
Steinhoff International Holdings N.V. (“Steinhoff”) is a leading retailer that manufactures, sources and retails furniture, household goods and clothing inEurope, Africa and Australasia. Retail operations are positioned towards value conscious consumer segments, providing them with affordable products through a vertically integrated supply chain. Steinhoff operates more than 40 brands through 6,500 stores. Steinhoff employs over 100,000 people and has a presence in 30 countries worldwide. Founded in 1964, the company is traded on the Frankfurt Stock Exchange (FSE) and Johannesburg Stock Exchange (JSE) and headquartered in South Africa.
About Mattress Firm Holding Corp.
With more than 3,500 company-operated and franchised stores across 48 states, Mattress Firm Holding Corp. (NASDAQ:MFRM) has the largest geographic footprint in the United States among multi-brand mattress retailers. Founded in 1986, Houston-based MFRM is the nation’s leading specialty bedding retailer with over $3.5 billion in pro forma sales in 2015. MFRM, through its brands including Mattress Firm, Sleepy’s and Sleep Train, offers a broad selection of both traditional and specialty mattresses, bedding accessories and other related products. More information is available atwww.mattressfirm.com. The Company’s website is not part of this release.
Mariza Nel, +27 (0)21 808 0711 (Investor Relations)
Director, Corporate Services
Mattress Firm Investor Relations Contact:
Scott McKinney, +1 713-328-3417
Vice President of Investor Relations
Mattress Firm Media Contact:
Erica Martinez, +1 214-269-4404
Source: Mattress Firm Holding Corp.
News Provided by Acquire Media