Sycamore Partners to Acquire Staples

6/22/17

Private equity firm Sycamore Partners is in advanced talks to acquire Staples Inc (SPLS.O) following an auction for the U.S. office supplies retailer, people familiar with the matter said on Wednesday, in a deal that could top $6 billion.

The acquisition would come a year after a U.S. federal judge thwarted a merger between Staples and peer Office Depot Inc (ODP.O) on antitrust grounds.

It would represent a bet by Sycamore that Staples could more quickly shift its business model from serving consumers to catering to companies if it were to go private.

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