Sleep Country Canada Holdings Inc SCCAF

Primary Symbol: T.ZZZ

Consumer Cyclical

Sleep Country Canada Holdings Inc. is a Canadian specialty sleep retailer. The Company operates under the retail banners Sleep Country, Dormez-vous, Endy, Silk & Snow, Hush, and Casper Canada. The Company has omnichannel and e-commerce operations, including about 305 corporate-owned stores and 19 warehouses across Canada. Sleep Country is an omnichannel mattress and bedding retailer and a specialty sleep products retailer with a national bricks and mortar footprint and an online presence. Dormez-vous is a retailer specializing in sleep mattresses and accessories in Quebec, having more than 60 stores. Endy is an online sleep brand, offering customers an expanding product assortment to meet their sleep needs. Silk & Snow is a direct-to-consumer sleep retailer of sleep and lifestyle products. Hush provides weighted blankets, mattresses, and a variety of sleep accessories, which are sold through its e-commerce platforms and across numerous retail partners across North America.

TSX:ZZZ - Post by User

Sleep Country Canada Holdings Inc > Fairfax buying ZZZ

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Comment by wkrpradioon Jul 22, 2024 1:09pm

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Post# 36142904

RE:Fairfax buying ZZZ

lifeisgood1010 wrote:
Fairfax deploying some cash

Insurance-focused conglomerate Fairfax Financial on Monday agreed to buy retailer Sleep Country Canada Holdings in a deal valued at C$1.7 billion ($1.24 billion).

The offer price of C$35 per share represents a 28 per cent premium to Sleep Country stock’s last close. The company’s shares have risen 6.5 per cent so far this year as of Friday

This is great news for the shareholders and very depressing news for the short sellers.
The Short Sellers are in a world of pain , which serves them right for betting against a great Canadian company.

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