Shares of Mattress Companies Rally on PE Deal for AOT

Shares of mattress companies rallied on Monday, with Tempur Pedic TPX gaining as much as 5%. Select Comfort SCSS rallied nearly 4%, while Sealy ZZ was up 5%. Private Equity firm Advent purchased a majority stake in Serta and Simmons mattress maker AOT Bedding Super Holdings on Monday. Although AOT is a private company, the deal may raise the relative valuations for other names in the sector.