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Serta Simmons Files for Bankruptcy Protection

Serta Simmons Bedding, the Georgia-based mattress company, filed for Chapter 11 bankruptcy on Monday, saying the move is an attempt, in part, to reduce the company's debt. The company, owned by private equity firm Advent International, said it's "operating as normal" — it earmarked $125 million in financing to keep operating — and the restructuring…

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