Staples Finalizes DivestmentSeptember 19, 2017
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Private equity firm Sycamore Partners has finalized its acquisition of Staples, Inc.
The US$6.9 billion transaction was approved by Staples shareholders earlier this month. As a result of the sale being complete, Staples common stock will no longer be traded on the Nasdaq Stock Market, Street Insider reports.
Founded in 1986, Boston, MA-based Staples, Inc. is a leading office-products company with annual sales of US$25 billion and more than 90,000 employees in 26 countries. For more information, visit www.staples.com.