Such a sale would leave Office Depot a business-to-business product and services company, including its CompuCom business, its Grand & Toy Canadian-focused workplace products and solutions provider, its Office Depot federation of smaller office supply dealers acquired over the years, its B2B digital platform technology business, its corporate office, its global sourcing office and its other sourcing, supply chain and logistics assets. In the $1 billion deal proposal, Staples Friday said it wants to acquire all assets related to Office Depot’s consumer business, including its Office Depot and OfficeMax retail business, its direct channel business, and the company’s Office Depot and OfficeMax brand names and other intellectual property. Office Depot in May then unveiled a plan to split into two companies based on its retail and B2B businesses.
CompuCom is a large national systems integrator that Office Depot in 2017 acquired for about $1 billion. Office Depot in January unveiled a plan to sell its CompuCom IT solution provider business.
Office Depot has already been taking steps that, together, open the way for a smooth sale of its consumer business to Staples. Neither Office Depot or Staples replied to a request for further information as of press time. In the deal, outlined in a letter released by Framingham, Mass.-based USR Parent, the parent company of Staples, the company is offering to spend about $18.27 per share to acquire Office Depot’s consumer business, which is about 43 percent of the 30-day average closing share price for Office Depot as of June 2. Staples in January offered to acquire Office Depot in a $2.1 billion deal that would likely see Staples divest Office Depot’s B2B-focused CompuCom and/or its Business Solutions Division. The acquisition proposal is the latest in a long-running dance between the two competitors. In addition, the Staples Advantage Sourcebook is printed on 80% recycled paper, and outdated catalogs are always recycled.Retail office supplies giant Staples Friday said it plans to acquire the consumer-focused business of Office Depot, including the Office Depot and OfficeMax brand names, in a $1 billion deal that would leave Office Depot completely focused on the business-to-business market. Most Staples Advantage items are shipped in boxes that are made from 35-100% recycled materials. On EWay, visit the Ecoffice area for a listing of all such products. Staples Advantage now offers more than 3,000 environmentally friendly office products and facility supplies, including recycled paper, recycled plastic desk accessories, rechargeable batteries, refillable inkjet cartridges, remanufactured toner cartridges, and Green Seal cleaning products. If your office moves to a new location, be sure to call your Account Representative with your new delivery address. If the original packing slip is unavailable, a copy can be obtained from the Staples punch out at the CU Marketplace. Items to be returned should be left in the designated area of your delivery site along with a copy of the packing slip. To process returned items to the company, contact Customer Care. View the Staples punch out user training guide Employee Services (HR, Benefits, Payroll, Learning)ĭepartments order via the Staples punch out at CU Marketplace.CU Connections: News and information for CU faculty and staff.
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