Sleep Country to Be Acquired by Fairfax Financial for $1.7 Billion

Sleep Country Canada Holdings Inc. says it has agreed to be sold to Fairfax Financial Holdings Ltd. for around $1.7 billion. The deal announced on July 22 would see a subsidiary of the Toronto-based financial holding company acquire all issued and outstanding common shares of Sleep Country for $35 per share. A press release announcing the agreement did not detail Fairfax’s plans for the mattress retailer, which is also headquartered in Toronto and counts 307 stores and 18 warehouses across its collection of brands. Those brands include retailers Sleep Country and Dormez-vous, bed-in-a-box companies Endy, Casper Canada and Silk & Snow, premium bedding chain The Rest and blanket company Hush....