Staples Outlines Proposal to Acquire Office Depot Consumer Business


On June 4, Staples announced that it has sent a letter to Office Depot’s board of directors outlining a proposal to acquire Office Depot’s consumer business. Under the terms of the proposal, Staples would pay $1.0 billion or $18.27 per share to acquire the ODP Corporation’s consumer business, which includes the Office Depot and OfficeMax retail stores, the company’s

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