NEW YORK--()--Levi & Korsinsky is investigating the Board of Directors of Sealy Corporation (“Sealy” or the “Company”) (NYSE: ZZ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Tempur-Pedic International Inc. (NYSE: TPX).
Click here to learn more about the investigation: http://zlk.9nl.com/sealy-zz, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Sealy shareholders will receive $2.20 for each Sealy share they own. The transaction has a total approximate value of $1.3 billion, including the assumption of debt. Certain shareholders holding approximately 51% of Sealy’s outstanding common stock have agreed to tender their shares. The investigation concerns whether the Sealy Board of Directors breached their fiduciary duties to Sealy stockholders by failing to adequately shop the Company before entering into this transaction and whether Tempur-Pedic International is underpaying for Sealy shares, thus unlawfully harming Sealy stockholders.
If you own common stock in Sealy and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/sealy-zz.
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