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Exceed wooden Base (king size) Bunk bed single ........ CUSTOM MADE DOUBLE BEDS SCHOOL PADDED REXIN MATRESS 1900 X 900 Korsan Was $1500 Now $1200... Includes 3/4 bed, wardrobe, reading desk and a chest of drawers. Bedroom suite Bookshelf desigh headboard in Supawood A bedroom suite is one of the most important rooms to design. We offer high end solid wood bedroom sets for master bedroom suites, bedroom suites for the guest room and childrens b... Single bed with trundle Save space in a bedroom or guest room with this single bed . The bed's solid wood finish add a traditional atmosphere to your home.Custom made to design and specifications...The South African retailer Steinhoff International Holdings will buy Mattress Firm Holding Corporation, the largest specialty bedding retailer in the United States, for $3.8 billion, including debt, both companies said on Sunday. The deal would create the world’s largest mattress retail distribution company.
Steinhoff said it would pay $64 a share, more than double Friday’s closing price of $29.74, for Mattress Firm. The boards of both companies have approved the deal, the companies said in a statement.The transaction is expected to close in the third quarter, the companies said.Mattress Firm, founded in 1986, has about 3,500 stores across 48 states with 80 distribution centers.Steinhoff is a German-listed $22 billion furniture conglomerate led by the South African retail mogul Christoffel Wiese. He is Steinhoff’s chairman and largest shareholder. Steinhoff, which owns brands in Africa, Australia, Britain and across Europe, agreed last month to pay nearly $800 million for the British discount chain Poundland after two previous attempts to expand in Europe fell through this year. The Mattress Firm deal would give Steinhoff access to the growing American market, help diversify its operations and guard against possible repercussions in the wake of Britain’s vote in June to leave the European Union.Markus Jooste, chief executive of Steinhoff, said the deal “will allow Steinhoff to not only enter the U.S. market with an industry-leading partner and a national supply chain
, but it will also expand Steinhoff’s global market reach in the core product category of mattresses.”In February, Mattress Firm solidified its position as a leader in the mattress retail market in the United States when it completed a $780 million acquisition of HMK Mattress Holdings L.L.C., the holding company of Sleepy’s. Sleepy’s was the second-largest specialty mattress retailer in the United States.South Africa’s Steinhoff to Buy Mattress Firm for $3.8 BillionSouth African retailer Steinhoff International Holdings NV (snhfy) will buy Mattress Firm Holding (mfrm), the largest specialty bedding retailer in the United States, for $3.8 billion which includes debt, both companies said on Sunday.Steinhoff said it will pay $64 per share, a premium of about 115% to Mattress Firm's Friday close in a deal that will create the world's largest mattress retail distribution company. The boards of both firms have approved the deal, the companies said in a statement.The deal is subject to completion of a successful tender offer for Mattress Firm's shares.
The transaction is expected to close in the third quarter of 2016, the companies said.See also: Corporate Raiders Seek Brexit BargainsMattress Firm, founded in 1986, has approximately 3,500 stores across 48 states with 80 distribution centers.Steinhoff is a German-listed $22 billion furniture conglomerate led by South African retail mogul Christo Wiese who is also Steinhoff's chairman and largest shareholder.Steinhoff, which owns brands in Africa, Australia, the U.K. and across Europe, last month agreed to pay nearly $800 million for British-based discount chain Poundland after two previous attempts to expand in Europe fell through this year.The Mattress Firm Holding deal would give Steinhoff access to the growing U.S. market, and help diversify its operations and guard against possible repercussions following Britain's June vote to leave the European Union.Markus Jooste, chief executive officer of Steinhoff, said the deal "will allow Steinhoff to not only enter the U.S. market with an industry leading partner and a national supply chain
, but it will also expand Steinhoff's global market reach in the core product category of mattresses."See also: Uber Had No Way Out of China Except Through a Merger With DidiIn February, Mattress Firm solidified its position as a leader in the U.S. mattress retail market when it completed its $780 million acquisition of HMK Mattress Holdings, the holding company of Sleepy's . Sleepy's was the second largest specialty mattress retailer in the U.S. with over 1,050 stores in 17 states in the Northeast, New England, the Mid-Atlantic and Illinois.Linklaters LLP acted as legal counsel to Steinhoff. Barclays PLC was financial advisor to Mattress Firm with Ropes & Gray LLP acting as legal counsel.JOHANNESBURG—Steinhoff International Holdings NV, Africa’s retailing giant but little-known outside the continent, has made its first foray into the U.S., agreeing to pay $2.4 billion for Sleepy’s owner Mattress Firm Holding Corp. Steinhoff, a family-owned furniture seller based outside Cape Town, South Africa, is called “Africa’s IKEA” for its home furnishing retail chains.