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US: Staples explores sale after failed merger

By  |  April 4, 2017

Staples, the Framingham-based office supply retailer is exploring a sale to private equity investors, according to a new report from the Wall Street Journal.

The Journal reported that Staples is in early talks with private equity firms, but noted that the discussions will not definitively lead to a sale.

Staples and Office Depot faced heavy regulatory resistance over their proposed merger, culminating in a federal judge blocking the deal. The companies abandoned the deal in May and said they would move forward with new business strategies.

Last month, the retailer said it would close 70 stores across North America by the end of 2017 due to falling sales.

Full Content: The Wall Street Journal

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