Staples ready to sell more assets for Office Depot deal approval: Bloomberg

December 3, 2015 8:27 PM

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Staples ready to sell more assets for Office Depot deal approval: Bloomberg

Office supplies retailer Staples Inc (SPLS.O) is willing to sell more assets to win antitrust approval for its $6.3 billion takeover of Office Depot Inc (ODP.O), Bloomberg reported on Thursday, citing two people familiar with the matter.

Under the deal announced in February, Staples had offered to divest about half of Office Depot's assets with revenues of up to $1.25 billion. In talks with the FTC, the company has already offered to divest assets worth half that amount, one of the sources told Bloomberg.

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