Staples Sold For Billions

posted by John Baibak - 

Framingham-based Staples is agreeing  to sell itself to a private equity firm for just under  seven-billion-dollars.  

Sycamore Partners is a retail specialist that  already owns several chains including Talbots and Hot Topic.  

Sycamore  is paying over ten-dollars a share for Staples.  

The sale announcement  comes around a year after the merger between Staples and Office Depot  collapsed.

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