South African furniture retailer Steinhoff International Holdings NV has agreed to buy Mattress Firm Holding Corp. for about $2.4 billion in cash, a deal that would mark its entry into the U.S. market. The bid, worth $64 a share in cash, marks a 115% premium over Mattress Firm’s Friday closing price of $29.74. The companies said the deal...

Source: Wall Street Journal August 07, 2016 19:41 UTC