LEXINGTON, Ky. (June 8, 2012) — Tempur-Pedic International Inc. (NYSE: TPX), the leading manufacturer, marketer and distributor of premium mattresses and pillows worldwide, today said it is actively repurchasing shares in the open market under its current share repurchase authorization.
“The company had $200 million remaining available under its share repurchase authorization as of June 6, and stock repurchases under the company’s share repurchase program may be made through open market transactions, negotiated purchases or otherwise, at times and in such amounts as management and a committee of the Board deem appropriate,” states Tempur-Pedic’s news release. “The timing and actual number of shares repurchased will depend on a variety of factors including price, financing and regulatory requirements and other market conditions. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the company might otherwise be precluded from doing so under insider trading laws.”
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