Report: Staples Again In Talks With Office Depot
The merger between office superstore retailers Staples and Office Depot may still have life.
The merger between office superstore retailers Staples and Office Depot may still have life.
Staples and private equity firm Sycamore Partners have entered into a merger agreement in which investment funds managed by Sycamore will acquire the office superstore in a transaction valued at approximately $6.9 billion.
Some 13 months after Staples’ effort to acquire Office Depot was quashed by a Federal judge, the Massachusetts-based office superstore may soon have a new owner.
Staples has rejected a possible takeover bid from one investment firm, but a second from a different firm appears to still be alive.
The United States Federal Trade Commission has issued a bulletin seeking public comment on an application for approval by Sycamore Partners II regarding the sale of 330 Dollar Express stores formerly owned by Family Dollar to Dollar General Corp.
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