June 22, 2017
New York-based private equity firm Sycamore Partners has announced that it is on track to acquire Staples Inc. The Framingham, Mass.-based office supplies retailer attempted a merger with Office Depot last year before intervention from a U.S. federal judge. According to Reuters, the acquisition by Sycamore could total $6 billion upon its impending closure. Sycamore is in the midst of finalizing a debt financing package as part of its bid.
Staples operates 1,255 U.S. locations and 304 in Canada.