5 July 2017
Staples Office Supply sold for $6.9 billion
MASSACHUSETTS—
copy & print centers
 
 Staples North America's largest office supply and printer is being acquired by a private equity firm Sycamore Partners for approximately $6.9 billion.Staples’ Board of Directors has unanimously approved the merger agreement and recommends that all Staples stockholders vote in favor of the transaction.It is expected to close no later than December, 2017. The closing is not subject to a financing condition.
copy & print centers
copy & print centers
Staples has been hurt in recent years by on-line ordering and it's second attempt to buy Office Depot failed because opposition from antitrust regulators in the States. Staples operates a retail in house copy shop in most locations. They also subcontact commercial printing to trade printers. No indication of what effect this buy out by a private equity firm will have on Staples, the  Canadian operations or their copying/ printing division. 
 
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