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Sycamore Partners to Acquire Staples for $6.9 Billion

Executive Summary

  • Sycamore Partners will acquire US office supplies retailer Staples in a leveraged buyout deal for $6.9 billion.
  • Staples has been suffering from increasing competition and slowing demand for office supplies, while its attempted merger with Office Depot was blocked on antitrust grounds in 2016.
  • The leveraged buyout deal is expected to allow the company more leeway to restructure and better position its business amid current headwinds.

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