Steinhoff offered to buy the Houston-based company for more than double its stock value.
CAPE TOWN, South Africa, Aug. 8 (UPI) -- South Africa's Steinhoff International Holdings NV will purchase Houston-based Mattress Firm Holding Corp. for $2.4 billion, its first entry into the U.S. market.
20:49 Infants should share parents' room for 1st year, report finds11
00:02 AT&T Aims for an Empire in Merger Talks With Time Warner6
21:31 Time Warner jumps after hours on report it could sell for $110 per share to AT&T1
20:33 Friendly giraffe interrupts woman's selfie video in South Africa