Office Depot jumps 20% after Staples offers to buy the company for $2.1 billion
Office Depot jumps 20% after Staples offers to buy the company for $2.1 billion Matthew FoxJan 12, 2021, 02:54 IST A view of the Office Depot store in Annapolis, Wednesday, March 25, 2020.Susan Walsh/AP Photo The parent company of Staples offered to acquire the company for $40 per share, or $2.1 billion. This would be Staples' third attempt at buying Office Depot in the last 25 years. In 2015, the FTC said Staples' proposed acquisition of Office Depot for more than $6 billion would violate anti-trust law. Staples went private in 2017 after it sold itself to Sycamore Partners. The ODP Corpora...
Source: businessinsider.in