Staples and Office Depot to terminate their merger agreement on May 16, 2016

Staples Announces Strategic Plan to Enhance Value: – Increasing Focus on Mid-Market Customers in North America – Exploring Strategic Alternatives for European Operations – Initiating New $300 Million Cost Reduction Plan – Continuing to Return Cash to Shareholders FRAMINGHAM, Mass., 2016-May-16 — /EPR Retail News/ — Staples, Inc. (Nasdaq: SPLS) today announced that on May 16, 2016, […]

Staples and Office Depot to divest corporate contract business and related assets to Essendant

Essendant to acquire more than $550 million of office products revenue and related assets More than 25 percent of the revenue to come from Fortune 100 companies and approximately half the revenue from Fortune 500 companies Deal further strengthens Essendant as national office supplies competitor $22.5 million purchase contingent on successful closing of Staples/Office Depot […]

The European Commission approved the acquisition of Office Depot by Staples, Inc.

Parties plan to divest Office Depot European businesses beyond EC requirements FRAMINGHAM, Mass., 2016-Feb-11 — /EPR Retail News/ — Staples, Inc. (NASDAQ: SPLS) today announced that it has received approval from the European Union to acquireOffice Depot. “This is a significant step, and we’re very pleased that the European Commission has approved this transaction,” said Ron […]

Staples, Inc. announces leadership changes

FRAMINGHAM, MA, 2016-Jan-28 — /EPR Retail News/ — Staples, Inc. (Nasdaq: SPLS) today announced leadership changes as it creates a more efficient, focused organization. “We are streamlining the organization and building a simplified structure that will speed decision-making and enable us to focus on driving profitable growth,” said Ron Sargent, Chairman and Chief Executive Officer. “These […]

Staples and Office Depot intend to waive the merger agreement termination date to May 16, 2016

FRAMINGHAM, Mass. and BOCA RATON, Fla., 2016-Jan-21 — /EPR Retail News/ — Staples, Inc. (NASDAQ: SPLS) and Office Depot, Inc. (NASDAQ: ODP) today announced that the Board of Directors of both companies intend to waive the merger agreement termination date of February 4, 2016, and extend it to May 16, 2016.  The extension allows for the […]

Staples and Office Depot mutually agreed with the FTC to extend the review period for the Office Depot acquisition

FRAMINGHAM, Mass., 2015-10-13 — /EPR Retail News/ — Staples and Office Depot today announced that they have mutually agreed with the Federal Trade Commission to extend the review period for the Office Depot acquisition. Under the terms of the agreement, the FTC has agreed to issue its decision regarding this transaction by December 8, 2015. “We’re pleased […]

Merger: Staples and Office Depot certified substantial compliance with the Request for Additional Information from US FTC

FRAMINGHAM, Mass. and BOCA RATON, Fla., 2015-9-2 — /EPR Retail News/ — Staples, Inc. (Nasdaq: SPLS) and Office Depot, Inc. (Nasdaq: ODP) today announced that they have certified substantial compliance with the Request for Additional Information (the “Second Request”) from the United States Federal Trade Commission (“FTC”) regarding the proposed merger between Staples and Office […]