BALA CYNWYD, Pa., Sept. 29, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Sealy
Corporation ("Sealy" or the "Company") (NYSE: ZZ) relating to the
proposed acquisition by Tempur-Pedic International, Inc.
("Tempur-Pedic") (NYSE: TPX).
Under the terms of the transaction, Sealy shareholders will
receive only $2.20 in cash for each
share of Sealy stock they own. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of Sealy for not acting in the Company's
shareholders' best interests in connection with the sale process to
Tempur-Pedic. The transaction may undervalue the Company as the
transaction represents little or no premium for Sealy shareholders.
For example Sealy stock traded at $2.32 as recently as April
17, 2012 and traded at $2.97
on April 28, 2011.
If you own shares of Sealy stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by
e-mail at investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/481-zz-sealy-corporation.html, by calling
toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC