New York, August 08, 2016 -- Moody's Investors Service ("Moody's") placed the ratings of Mattress Holding Corp. ("Mattress Firm") under review for upgrade following the August 7 announcement that it signed a definitive agreement to be acquired by Steinhoff International Holdings N.V. ("Steinhoff", Baa3 Stable) for an enterprise value of approximately $3.8 billion. The transaction is subject to customary closing conditions and regulations and is expected to close in the third quarter of 2016.
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