Staples-Office Depot Merger: Will the Third Time Be the Charm?

Rich Duprey, The Motley Fool
·4-min read
Staples-Office Depot Merger: Will the Third Time Be the Charm?

Staples' motto must be "If at first you don't succeed, try try again." For the third time, the office supplies giant is trying to acquire rival Office Depot (NASDAQ: ODP), this time offering $40 per share, or $2.1 billion, about one-third of what it offered six years ago. Staples ended up being taken private, and by the end of 2019, Office Depot saw its sales decline by nearly 10%, and its stock lost two-thirds of its value.