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Staples seeks to buy parent of Office Depot for $2.1 billion By Anne Riley Moffat Bloomberg,Updated January 11, 2021, 10:29 a.m. Email to a Friend A shopping cart at a Staples office supplies store in the Chicago.REUTERS (Bloomberg) -- Framingham-based Staples offered to buy the parent of Office Depot in a deal valuing the company at $2.1 billion, the latest attempt to consolidate the office-products space to better compete against online retailers. A deal would bring together two of the biggest names in office supplies at a time when brick-and-mortar retailers are struggling to cope with bro...

Staples Seeks to Buy Office Depot for $2.1B Related Stories January 19, 2021 January 19, 2021 January 13, 2021 Staples outlining a proposal to acquire the parent company of Office Depot in a deal that would value the target company at $2.1 billion. Closely held Staples, under the corporate name USR Parent Inc., said it sent a letter to ODP Corp. laying out a plan to buy the company for $40 per share in cash. A deal would bring together two of the biggest names in office supplies at a time when brick-and-mortar retailers are struggling to cope with broad economic shutdowns in the pandemic....