Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday February 04, 2015

Staples Buying Office Depot For $6.3B

According to Reuters, Staples is buying Office Depot for $6.3 billion. Thanks to cageymaru for the heads up.

Staples Inc , the No. 1 U.S. office supplies retailer, agreed to buy No. 2 Office Depot Inc in a $6.3 billion deal designed to help it better compete against Wal-Mart Stores Inc and online rivals such as Amazon.com Inc . The deal, which will likely come under close scrutiny from antitrust regulators, values Office Depot at $11.00 per share, based on Staples' closing price on Feb. 2, the last trading day prior to media reports that a deal was near.

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