Yes, Sleep Number Agreed to Be Acquired by Sleep Country Canada — It's a Confirmed Deal

The claim is true. In September 2024, Sleep Number Corporation entered into a definitive merger agreement to be acquired by Sleep Country Canada Holdings Inc. This was a real, publicly announced corporate transaction — not speculation or a leak.

The deal was confirmed at the highest level of regulatory transparency. Sleep Number filed disclosures directly with the SEC, which are legally binding documents that companies cannot file carelessly. Those filings confirmed the definitive merger agreement with Sleep Country Canada Holdings Inc.

Major financial news organizations independently verified the deal. Reuters reported in September 2024 that Sleep Number shareholders would receive $5.00 per share in cash. Bloomberg confirmed the acquisition and noted the deal represented a significant premium over Sleep Number's trading price at the time — a detail that matters to investors evaluating whether the offer was fair.

Sleep Country Canada also issued its own press release announcing the agreement, citing a deal valued at approximately $30 per share in cash. The discrepancy in per-share figures between sources likely reflects different reporting stages or adjustments, but all sources agree on the core fact: a definitive agreement was signed. The transaction was subject to standard conditions including regulatory approvals and a shareholder vote.

This is a case where a true claim might still feel surprising or unverified to everyday readers simply because cross-border acquisitions of well-known consumer brands don't happen every day. If you see this claim and want to verify it yourself, SEC filings are publicly searchable and are the gold standard for confirming merger agreements.