South Africa's Steinhoff buys Mattress Firm

August 8, 2016 1:07 PM

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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.

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