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Byline: Richard Craver
Mar. 5--Sealy Corp., the world's largest bedding manufacturer, said yesterday that a management team and Kohlberg Kravis Roberts & Co. have agreed to buy the company for $1.5 billion from an investment group led by Bain Capital LLC.
The deal is expected to close in April.
Kohlberg Kravis, a private-equity firm based in New York, and the management team would own 92 percent of Sealy and shareholders would own 8 percent.
Kohlberg Kravis declined to say how much the management team would own other than to say that it would have "a significant equity stake."
Sealy said that there are no changes planned in …