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Staples had previously tried to buy Boca Raton-based Office Depot, but the $6.3 billion acquisition was called off in 2016 amid antitrust scrutiny.

Office supplies retailer Staples on Monday said it made an offer to buy Office Depot owner ODP Corp for US$2.1 billion in cash.

The U.S. Federal Trade Commission blocked Staple’s $6.3 billion offer in 2016, saying a merger between the two could reduce competition for nationwide contracts for office supplies

What A Merger Deal Between Staples And Office Depot Would Mean 01/11/21 AT 3:02 PM Staples is once again looking to buy Office Depot (ODP) in a deal that is estimated to be valued at $2.1 billion in what would create one of the largest office supply chain retailers. Staples made a previous attempt at purchasing Office Depot five years ago. In 2016, the $6.3 billion deal was called off due to antitrust concerns. Staples said in this go-around, it is ready to divest any of Office Depot’s commercial businesses that would help it gain regulatory approval from the Federal Trade Commission. Opera...

BENGALURU (Jan 11): Office supplies retailer Staples on Monday offered to buy Office Depot owner ODP Corp for US$2.1 billion in cash, the retail giant's third attempt to take over its smaller rival. USR Parent Inc, or Staples, said it would offer US$40 for each ODP share, a premium of 8.2% to Friday's closing price. They were last trading at US$43.85.