Office Depot rejects takeover offer from Staples

......but OD says it’s open to other types of ventures

PUBLISHED TUE, JAN 19 20218:45 AM EST, UPDATED TUE, JAN 19 202112:30 PM EST

 

Melissa Repko@MELISSA_REPKO

 

KEY POINTS

 

• Office Depot rejected a takeover attempt by office supply rival Staples, according to a letter between company executives.
• In the letter, the chairman of the board for the parent company of Office Depot said they would be open to another deal that draws less scrutiny from antitrust regulators.
• It’s the third attempt by Staples to acquire Office Depot.

Link to article on CNBC:

 

https://www.cnbc.com/2021/01/19/office-depot-rejects-takeover-offer-from-rival-staples-wsj-reports.html