UPDATE: Sealy Posts Q3 Loss
Sealy (NYSE: ZZ) reported a loss in the third quarter.
Sealy posted a quarterly loss of $106,000, versus a year-ago profit of $6.6 million, in the year-earlier period.
Its revenue climbed 9% to $365.4 million in the recent quarter.
Tempur-Pedic (NYSE: TPX) announced its plans to acquire Sealy for around $228.6 million in cash.
Sealy shares gained 1.83% to $2.23 in after-hours trading.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.