Staples surges following reports that the company is close to being acquired (SPLS)
|06/28/2017||Posted by BusinessMediaguide.Com under General World News||
The private-equity firm Sycamore was near a deal to acquire the office-supplies retailer for $10 a share in a deal worth more than $6.5 billion, the WSJ said, citing people familiar with the matter.
Staples’ stock closed at $9.93, and the company had a market cap of about $6 billion.
A deal could be announced as soon as Wednesday, the reports said. According to Reuters, Sycamore won an auction for the retailer.
Staples scrapped a read more >>>