Monday, February 8, 2010

Update 3-serta Owner To Buy Simmons In $760 Mln Deal(chap 11 For Simmons)

UPDATE 3-Serta owner to buy Simmons in $760 mln deal Sat Sep 26, 2009 1:29am IST (Recasts, adds information about Serta) * Simmons and Serta combined beat out Sealy * Simmons will file for bankruptcy By Caroline Humer NEW YORK, Sept 25 (Reuters) – Mattress makers Simmons and Serta are planning to dethrone competitor Sealy as the world's largest mattress company in a $760 million deal that includes Simmons filing for bankruptcy. Simmons Co said on Friday that it has put together a restructuring p...
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