Sleepy's Closes Dial-a-Mattress

Marino, Jonathan
August 2009
Mergers & Acquisitions Report;8/24/2009, Vol. 22 Issue 34, p17
The article reports on the sale of the assets of Dial-A-Mattress Operating Corp. to NewCo Holdings, a Sleepy's entity. The deal, which is valued at 25 million U.S. dollars, represented a recovery of 80% for Dial-A-Mattress' creditors. Trenwith Securities represented the debtors in the transaction, while Moritt Hock Hamroff & Horowitz acted as the debtor's counsel. A list of mattress manufacturers which filed for bankruptcy is presented.


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