Staples proposes to acquire consumer business of ODP for $1bn

Staples proposes to acquire consumer business of ODP for $1bn

American office retail company Staples has proposed to acquire the consumer business of ODP Corporation, a provider of business services, products, and digital workplace technology solutions, for $1 billion in an all-cash deal. ODP’s consumer business comprises Office Depot and OfficeMax retail stores, its direct channel business, and intellectual property. Staples, through its parent company […]