Office Depot Open To Retail Business-only Acquisition By Staples, Is Selling CompuCom
Office Depot, in an open letter, says it acknowledges Staples’ primary interest in acquiring its retail and ecommerce business, and said that it has already initiated the process to sell its CompuCom business as part of a strategic review of the business. By Joseph F. Kovar January 19, 2021, 12:43 PM EST
Office Depot told Staples owner Sycamore Partners that it is open to explore the possibility of Staples acquiring Office Depot’s retail business, and that it is open to selling its non-retail business separately to make the proposed acquisition work.