Staples make $6.3 billion Office Depot purchase

02/04/2015 // West Palm Beach, Florida, US // JusticeNewsFlash // Justice News Flash // (press release)

California – Staples recently announced its acquisition of fellow office supply chain Office Depot for $6.3 billion. As reported by WebProNews, the companies had reportedly been in talks over the deal since September of last year.

Roland Smith, chairman and chief executive officer for Office Depot, Inc. is quoted as stating of the purchase, “This transaction delivers great value for our shareholders and creates a company ideally positioned to serve our customers and grow over the long term.”

The deal means that the company will now have 4,000 stores combined.

Smith is further quoted as commenting, “It is also an endorsement of our many accomplishments and the tremendous success we’ve had integrating Office Depot and OfficeMax over the past year. We look forward to bringing our experience and knowledge to the new organization.”

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