Steinhoff Completes Tender Offer For Mattress Firm

(RTTNews) - Steinhoff International Holdings NV announced the successful consummation of its $64.00 per share cash tender offer for all of the outstanding shares of common stock of Mattress Firm Holding Corp. (MFRM).

Upon completion of the merger, Mattress Firm will become a subsidiary of Steinhoff and Mattress Firm's common stock will cease trading on the NASDAQ Global Select Market.

The tender offer, expired as scheduled at midnight New York City time, on Tuesday, September 13, 2016. A total of 25.10 million Mattress Firm shares, representing approximately 67.36% of the outstanding common stock of Mattress Firm, were validly tendered into and not withdrawn from the offer.

In addition, notices of guaranteed delivery were delivered with respect to approximately 1.35 million shares, representing approximately 3.62% of the outstanding common stock of Mattress Firm. All validly tendered shares have been accepted for payment, which will be made in accordance with the terms of the tender offer.