Tempur Sealy Put To Bed After Cutting Ties With Mattress Firm

Shares of Tempur Sealy (TPX) crashed to a three-year low on Monday after the mattress maker said it would likely stop doing business with bedding retailer Mattress Firm this quarter.

Tempur Sealy said it will terminate its relationship with Mattress Firm following contract disputes that it was unable to resolve with Mattress Firm and household goods retailer Steinhoff International Holdings, which is Mattress Firm's parent company.

Tempur Sealy said it issued formal termination notices to...

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