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5 Things You Must Know Before the Market Opens Monday

Here are five things you must know for Monday, Aug. 8:

1. -- South African retailer Steinhoff International Holdings (SNH) announced that it will buy Mattress Firm (MFRM) for $2.4 billion, or $64 a share. However, as TheStreet's Jim Cramer pointed out, the deal looks a bit more expensive when Mattress Firm's debts are considered.

Mattress Firm shares closed Friday at $29.74 per share.

Cramer also pointed out that Mattress Firm stock --...