Mattress Maker Purple Gets $226M Hedge Fund Buyout Bid [buyout/ takeover]

By Al Barbarino (September 19, 2022, 5:21 PM EDT) — Purple Innovation Inc. said Monday it received a buyout bid from its largest shareholder, Connecticut-based hedge fund Coliseum Capital Management LLC, to acquire all outstanding capital stock in the mattress maker for $4.35 per share, or nearly $225.6 million….

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