Staples has put a $2.1 billion takeover offer on the table for Office Depot. Staples has announced that by March it would make an all-cash tender offer for all ODP common shares outstanding “in the event we cannot reach a negotiated agreement with ODP.”
In September 2017 the New York retail- and consumer-focused private-equity firm Sycamore Partners LLP acquired Staples for about $6.9 billion.
Staples in 2016 had tried to buy Office Depot, but the $6.3 billion acquisition was called off because of antitrust concern. The two companies also agreed to merge in 1996, but the deal was put to rest as a government lawsuit argued the move would have meant higher prices for office supplies.