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NYC equity firm to buy Staples for $7B

Staples will go private by December as New York City private equity firm Sycamore Partners announced Wednesday evening plans to purchase the publicly traded Framingham office supply retailer for $6.9 billion.
Staples’ board of directors has unanimously approved the merger and is recommending all Staples stockholders vote in favor of the deal. Stockholders will receive $10.25 per share in cash.
“With a ...

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