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Acquisition

Staples shareholders approve sale

Staples shareholders approve sale

September 8, 2017

The $6.9 billion (€6 billion) sale to Sycamore Partners has been described by the Wall Street Journal as this year’s largest leveraged buyout. After months of financial difficulties and legal wrangling, the American multinational office supplies retailer, Staples Inc., has seen its shareholders approve a $6.9 billion(€6 billion)  sale to private equity firm Sycamore Partners, […]

ACCC voices concerns on acquisition of OfficeMax

ACCC voices concerns on acquisition of OfficeMax

August 25, 2017

The Australian Competition and Consumer Commission has flagged initial concerns in relation to the proposed acquisition of OfficeMax Australia by Platinum Equity. Platinum Equity recently acquired the Australian and New Zealand businesses of Staples Inc. The ACCC outlined its preliminary view that combining Staples and OfficeMax may substantially lessen competition in the supply of traditional […]

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