HardOCP News
[H] News
- Joined
- Dec 31, 1969
- Messages
- 0
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.