The Traderszone Network

Published in TZ Latest News 1 July, 2017 by The TZ Newswire Staff

Staples, Inc. Is Going Private as It Continues to Flounder

On Wednesday evening, Staples (NASDAQ: SPLS) announced that it had agreed to sell itself to private equity firm Sycamore Partners for $6.9 billion, or $10.25 a share. This confirmed months of rumors that Staples planned to go private. Assuming that shareholders approve the deal, Staples expects the sale to close by year-end.

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