Office Depot reaches agreement to sell its European business

It was announced a few days ago that Office Depot has reached an agreement to “sell” its European business to Aurelius Group.

This would make for a good case study in “how to shed $2.25 BILLION in sales in exchange for next-to-nothing.:

Reportedly, Office Depot will receive a “nominal” amount….. meaning, next-to-nothing.

Link to note on Bloomberg:

http://www.bloomberg.com/news/articles/2016-09-23/office-depot-agrees-to-sell-european-business-to-aurelius-group

Perhaps, “next up” will be Office Depot reaching an agreement to sell its “print and copy” business to Taylor Communications?  I haven’t heard anything that would lead me to believe that that will happen, but inasmuch as Taylor  bought the assets of Standard Register and Staples’ Print Solutions Group, maybe Taylor would be interested in buying another loser?

http://aureliusinvest.com