CANADA/US - A unit of the Ontario Teachers' Pension Plan (OTPP) will take a stake in Simmons, the US-based mattress maker said as it outlined its bankruptcy and restructuring plans.
Simmons plans to be sold to Teachers' Private Capital, OTPP's private equity arm, and Ares Management in a US$760m deal. Simmons said the funds from the acquisition would allow it to cut its deb...
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