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Levi & Korsinsky is investigating the Board of Directors of Mattress Firm Holding Corp. (NASDAQ: MFRM) in connection with the sale of the Company to Steinhoff International Holdings N.V. Under the terms of the transaction, Mattress Firm shareholders will receive $64.00 per share in cash for each share of Mattress Firm they own.
The investigation concerns whether the Board of Mattress Firm breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Steinhoff International Holdings N.V. is underpaying for Mattress Firm shares.
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