Dossier
SNBR
Coverage of SNBR in the Nexus archive.
- Sleep Number files for bankruptcy, will combine with Sleep Country Canada
Sleep Number filed for Chapter 11 bankruptcy and agreed to be acquired by Sleep Country Canada for $415 million. The deal involves Sleep Country Canada's U.S. subsidiary SNBR purchasing Sleep Number, with stores remaining open during the process. Sleep Number's CEO cited an unsustainable capital structure but expressed confidence in improving financial position through the acquisition.