Sleep Country to Be Acquired by Fairfax Financial for $1.7 Billion

Pedestrians walk past a Sleep Country Canada store on Yonge Street in Toronto on Oct. 19, 2021. The Canadian Press/Evan Buhler

Sleep Country Canada Holdings Inc. says it has agreed to be sold to Fairfax Financial Holdings Ltd. for around $1.7 billion.

The deal announced on July 22 would see a subsidiary of the Toronto-based financial holding company acquire all issued and outstanding common shares of Sleep Country for $35 per share.