Serta Simmons Plans Bankruptcy Filing as Soon as January

Serta Simmons Bedding is preparing to seek bankruptcy protection as soon as January, according to people with knowledge of the situation.

The closely held mattress manufacturer has been in confidential talks with its creditors over a restructuring plan, which may involve giving control to certain first-lien lenders, said the people, who asked not to be identified because the matter is private.

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