Brazos Valley Burn Bans: The following counties are under a Burn Ban: Austin, Brazos, Burleson, Grimes, Houston, Lee, Leon, Madison, Milam, Robertson, San Jacinto, Trinity, Walker, Washington
Mattress company Tempur-Pedic is buying rival Sealy for approximately $228.6 million in cash.
Tempur-Pedic International Inc. said Thursday that it will pay $2.20 per Sealy share, which is a 3 percent premium to the company's Wednesday closing price of $2.14.
Tempur-Pedic will also assume or pay back all of Sealy Corp.'s outstanding debt. The companies put the total value of the deal at $1.3 billion.
The buyout is expected to close during 2013's first half.
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