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Staples Wants to Buy Office Depot For $2.1 Billion

Staples is once again offering to buy Office Depot, this time for $2.1 billion....
Staples Wants to Buy Office Depot For $2.1 Billion
Written by Matt Milano
  • Staples is once again offering to buy Office Depot, this time for $2.1 billion.

    Staples had previously tried to purchase its rival in 2015. At the time, the Federal Trade Commission (FTC) blocked the merger, saying the combined company would control too much of the market.

    According to CNN Business the company is determined to do whatever it takes to gain regulatory approval this time around. It has signaled it’s even willing to sell CompuCom, its IT management company, or sell its business-to-business unit.

    Staples is offering $2.1 billion, or $40 per share. This represents roughly a 60% premium over Office Depot’s current stock price, as of the time of writing. The translocation would be an all-cash deal, according to Staples.

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