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Select Comfort (SCSS) Stock Rises on Mattress Firm, Steinhoff Deal

NEW YORK (TheStreet) -- Shares of Select Comfort (SCSS) were climbing 6.88% to $26.71 mid-Monday morning after a $2.4 billion deal between competitor Mattress Firm (MFRM) and African furniture seller Steinhoff (SNHFY) fueled speculation that Select Comfort could be a future buyout target.

"[The Mattress Firm/Steinhoff deal] does raise the prospect that Select Comfort could be of interest to other international parties," said analysts at SunTrust in a note cited by Barron's.

Select Comfort is "dominant" in its niche market of high-end...


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