Staples Buys Office Depot for $6 Billion
Share the post
Share this link via
Or copy link
NEW YORK (AP) — Staples is buying Office Depot in a cash-and-stock deal valued at nearly $6 billion.
Office Depot Inc. shareholders will receive $7.25 in cash and 0.2188 of a share in Staples Inc. at closing. The deal values Office Depot at $11 per share. The companies put the transaction’s value at $6.3 billion.
The deal is expected to close by year’s end.
Like BlackAmericaWeb.com on Facebook. Follow us on Twitter.
(Photo Source: AP)
-
Rest In Power: Notable Black Folks Who We’ve Lost In 2024
-
Brittney Griner Confirms She And Wife Cherelle Are Expecting Their First Baby!
-
Ciara Says It’s ‘Tough’ Trying To Lose 70 Pounds After Welcoming 4th Child
-
[WATCH] Philadelphia Police Officer Goes Viral for Arresting Twin Brother
-
Jill Scott Catches Xitter Wrath After Propping Up Chris Brown & Seemingly Defending Abusers
-
We Want Lela Rochon’s Leather Birthday Dress & Cowboy Hat
-
Meet The Richest Black Man In The World
-
Latto’s Mom Has Got it Goin’ ON! [Photos]