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Office Depot Rejects Staples Takeover, Suggests Joint Venture Instead

Office Depot's parent, ODP Corp., rejected a takeover bid from rival Staples and suggested other kinds of deals instead, "with one option being selling ODP’s retail and consumer-facing e-commerce operations to Staples, or a joint venture," according to Chain Store Age. Such a deal “could be executed more efficiently and with far greater certainty and less regulatory risk than" a takeover, according to the ODP chairman.

Read the whole story at Chain Store Age »

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