Mergers.
Staples is buying Office Depot for $11 a share in cash and stock, completing a roll-up of indistinguishable (to me) office supply stores that began when Office Depot acquired OfficeMax in 2013. Activist hedge fund Starboard Value has been involved since the beginning, with stakes in both Office Depot and Staples, and has been pushing this deal hard . It also pushed Yahoo’s Alibaba spin-off, so it’s having a good year; here you can read a […]
