Goldman Sachs Upgrades Staples, Inc. (SPLS) to Neutral
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Staples (SPLS) to Acquire Office Depot (ODP) in $6.3B Deal
February 4, 2015 7:01 AM ESTStaples (Nasdaq: SPLS) and Office Depot, Inc. (Nasdaq: ODP) announced that the companies have entered into a definitive agreement under which Staples will acquire all of the outstanding shares of Office Depot. Under the terms of the agreement, Office Depot shareholders will receive, for each Office Depot share, $7.25 in cash and 0.2188 of a share in Staples stock at closing. Based on Staples closing share price on February 2, 2015, the last trading day prior to initial media speculation around a possible transaction, the transaction values Office Depot at... More
