http://www.businessinsider.com/staples-sycamore-near-deal-acquisition-2017-6
Staples is being acquired by a private-equity firm for $6.9 billion
Staples agreed to be acquired by Sycamore Partners for about $6.9 billion.
The company announced Wednesday that it entered a merger agreement
with the private-equity firm in which its shareholders will receive
$10.25 per share in cash.
According to Reuters, Sycamore won an auction for the office-supplies
retailer that reported a 7.1% drop in retail revenue last year.
Staples scrapped a merger with Office Depot in May 2016 that would
have given it more muscle to compete with online retailers.
"We have tremendous confidence in CEO Shira Goodman and great
respect for the Staples management team and are excited about
this opportunity to partner with them to accelerate long-term
profitability," said Stefan Kaluzny, the managing director of
Sycamore Partners, in a statement.
Barclays and Morgan Stanley are acting as Staples' financial
advisors, while nine banks including Bank of America Merrill
Lynch and UBS are providing debt financing to Sycamore Partners.
This deal, expected to be completed by December 2017, would
be the largest leveraged buyout this year, according to Dealogic
data cited by the WSJ.
Staples shares jumped 8% in late trading on Wednesday after
The Wall Street Journal and Reuters reported that the company
was close to being acquired.
Staples' stock closed at $9.93, and the company
had a market cap of about $6 billion.
这样...主场名称还能留住吗？..