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Sealy (ZZ +0.6%) strikes back against H Partners, the mattress maker's second-largest investor...

Sealy (ZZ +0.6%) strikes back against H Partners, the mattress maker's second-largest investor that's pushing to remake the company’s board, calling it “combative” in a letter. The hedge fund’s concerns center on KKR, the P-E firm that holds 46% of ZZ, but ZZ says its board "has not changed since you invested in Sealy in the spring of 2011, and its composition is sound."
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