Sleep Country will receive a US$4.5 million marketing transition fee from Casper over the next 4 years. Find out more.
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Toronto-based mattress retailer Sleep Country says it will pay US$20.6 million for the U.S. mattress-in-a-box company’s Canadian assets.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
Sleep Country says it has also invested US$20 million in five-year convertible notes, which can be converted into about five per cent of Casper shares.
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