Tempur Sealy Increases Buyback Program By $200 Million

Tempur Sealy International Inc. on Thursday said its board agreed to increase the company's share buyback program by $200 million. The mattress and bedding company has spent about $195 million to buy back 3.4 million shares since the buyback program was announced in early February, according to a news release. After the approved increase, Tempur Sealy has about $205 million remaining for future buybacks. Shares of Tempur Sealy are down nearly 11% in the year to date, underperforming the S&P 500 Index, which is up almost 4%.