Staples Is Said to Agree to $6.5 Billion Buyout<br />By MICHAEL J. de la MERCEDJUNE 28, 2017<br />Staples, the mainstay of office supplies, has agreed to sell itself to the private equity firm Sycamore<br />Partners for more than $6.5 billion, a person briefed on the matter said on Wednesday.<br />Sycamore, a specialist in retailers that already owns the likes of Belk, Talbots<br />and Hot Topic, plans to pay a little over $10 a share, said the person, who was not authorized to speak publicly about the transaction.<br />A sale of Staples would come more than a year after the company was blocked from merging<br />with a competitor, Office Depot, amid opposition by the Obama administration.
