Select Comfort to Acquire BAM Labs
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Select Comfort Corp (SCSS) to Acquire BAM Labs; Closes New $100M Revolving Facility
September 10, 2015 9:25 AM EDTSelect Comfort Corp (NASDAQ: SCSS) is acquiring BAM Labs, Inc. (BAM) the worlds leading provider of Smart Bed Technology solutions and the Silicon Valley-based pioneer of biometric sensor and sleep monitoring for data-driven health and wellness. Select Comfort previously held an equity investment in BAM of approximately 18 percent and is now acquiring the remaining interest for approximately $58 million in cash.
Select Comfort knows BAM well, having partnered with the company since 2012 in the development and commercialization of SleepIQ® technology. BAM will operate as an independent business unit called SleepIQ® LABS, which... More
