![]() ![]() This latest offer, which is all cash, comes at a roughly 43 percent premium to the 30-day average of Office Depot’s share price as of June 2, 2021. Office Depot’s business-to-business unit comprised about half its $10 billion in sales last year. Staples tried to buy all of Office Depot for more than $2 billion in January, but Office Depot rebuffed those efforts. Staples said Friday it had sent a letter to the board of Office Depot outlining a $1 billion offer - or $18.27 a share - for its consumer business, which includes the Office Depot chain of stores and OfficeMax. Staples isn’t giving up its quest for Office Depot.
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