OHIO MATTRESS &lt;OMT> IN ACQUISITION, SETTLEMENT

  Ohio Mattress Co said itr has
  executed a definitive agreement to acquire Sealy Mattress Co of
  Michigan Inc, the Detroit licensee of Ohio Mattress's 82 pct
  owned Sealy Inc subsidiary in a transaction that also involves
  a settlement between Sealy and Michigan Sealy.
      The company said on completion of the acquisition, the
  Sealy stock owned by Michigan Sealy will be redeemed, raising
  Ohio Mattress' interest in Sealy to 93 pct.  Michigan Sealy has
  been in litigation against Sealy, alleging violations of
  antitrust laws, and Sealy was recently found liable for 45 mln
  dlrs in damages to Michigan Sealy.
      Under the acquisition agreement, the company said Sealy
  will enter into a cash settlement of its litigation with
  Michigan Sealy.
      The company said shareholders of Michigan Sealy will
  receive a total of 48.6 mln dlrs, subject to adjustment, from
  the acquisition and the settlement, both of which are subject
  to regulatory approvals.
      Michigan Sealy had sales of about 12.5 mln dlrs in 1986.
  

