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Staples offers US$2.1 billion cash to buy Office Depot parent

Staples offers US$2.1 billion cash to buy Office Depot parent

FILE PHOTO: An Office Depot Inc store is shown in Encinitas, California, U.S., May 8, 2017. REUTERS/Mike Blake

REUTERS: Office supplies retailer Staples on Monday said it made an offer to buy Office Depot owner ODP Corp for US$2.1 billion in cash.

USR Parent Inc, or Staples, said it would offer US$40 per for each ODP share.

(Reporting by Nivedita Balu in Bengaluru; Editing by Bernard Orr)

Source: Reuters

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