Bankruptcy sale closed
Sleep Country Canada acquires Sleep Number (2026)
Sleep Country Canada completed the acquisition of Sleep Number on 31 July 2026 for $529.5 million, buying from Sleep Number Corporation.[1]
Sleep Number Corporation and its subsidiaries filed for Chapter 11 in the Southern District of New York on 12 June 2026. On 18 July it signed an amended asset purchase agreement with SNBR, Inc., a wholly owned subsidiary of Sleep Country Canada Inc., for substantially all of its assets; the court approved the sale on 21 July and it closed on 31 July 2026. Cash proceeds were $529.5 million, of which about $267.4 million repaid the debtor-in-possession loans. Sleep Number said it expected nothing to be left for its stockholders and that its shares would be cancelled under a plan of liquidation.
Deal facts
- Announced
- Not recorded
- Closed
- Value
- $529.5 million
- Buyer
- Sleep Country Canada
- Seller
- Sleep Number Corporation
- Assets
- Sleep Number
- Regulatory review
- None recorded
Ownership changes recorded from this deal
| Owner | Owned | Relationship | Stake | From | To |
|---|---|---|---|---|---|
| Sleep Country Canada | Sleep Number | owns | 100% | 2026-07-31 | present |
| Sleep Number Corporation | Sleep Number | owns | 100% | — | 2026-07-31 |
Who owns Sleep Number today?
- Sleep Number — owned by Fairfax Financial since 2026
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Sleep Number Corporation Form 8-K - completion of the sale of substantially all assets to SNBR, Inc. — SEC EDGAR, SEC Form 8-K, published 3 August 2026; retrieved 4 October 2026.
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