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Staples, Inc. announces CEO transition

Staples, Inc. announces CEO transition

John A. Lederer, Executive Chairman of the Board, will be appointed interim CEO of the company. Staples, Inc., the owner and operator of the Staples North American Delivery business, announced that the Company and J. Alexander (Sandy) M. Douglas, Jr. have mutually...
Staples makes bid for ODP’s consumer business

Staples makes bid for ODP’s consumer business

USR Parent, Inc. (Staples) announced it had sent a letter to the Board of Directors of The ODP Corporation outlining a $1.0 billion (€820 million) or $18.27 (€15.39) per share proposal to acquire The ODP Corporation’s consumer business. The proposal includes the...
Staples sells Finland and Portugal operations

Staples sells Finland and Portugal operations

Staples Solutions B.V. announced on 4 May that it has divested its operations in Finland and in Portugal to buyers Wulff and Firmo respectively. Both transactions concluded on 3 May 2021. Staples said in its announcement that Wulff and Firmo are strong industry...
Staples, Inc. announces CEO transition

Staples to evaluate ODP options

Staples said it will evaluate all alternatives in its pursuit of the ODP Corporation. USR Parent, Inc. (Staples) announced that, in light of the 15 March 2021 public announcement made by the Board of Directors of The ODP Corporation indicating that ODP would be open...
The ODP responds to latest Staples offer

The ODP responds to latest Staples offer

The Board of Directors of The ODP Corporation responded to and rejected unanimously a proposal from USR Parent Inc., the Sycamore-affiliated owner of Staples, to acquire various ODP assets. Staples’ proposal was contained in a letter dated 10 March 2021, from Stefan...