Mattress Firm
Shutterstock/Jonathan Weiss
  • Tempur Sealy surged Wednesday on a report that its rival Mattress Firm was preparing to file for bankruptcy protection.
  • Mattress Firm is planning to file for bankruptcy as soon as this week, Reuters reported on Tuesday.
  • Tempur Sealy used to be a supplier of Mattress Firm, but terminated contracts earlier last year.

Shares of Tempur Sealy, the maker of mattress brand Tempur-Pedic, surged more than 10% on Wednesday following a report that its rival Mattress Firm was preparing to file for bankruptcy protection.

Mattress Firm, the largest US mattress retailer, will file for bankruptcy protection…