The two largest office supply chains in the country, Staples Inc. and Office Depot, have reportedly been talking about the possibility of a merger, The International Business Times revealed on Tuesday, February 3.
The reports about the possible merger came after activist investor Starboard Value LP called for the two leading office supply retailers in the country to merge, saying that a combined company would result in greater savings. Starboard Value LP owns 10% of Office Depot and 5.1% of Staples.
Last year, analysts from Credit Suisse encouraged the two companies to combine, saying that it would make them a better competitor against other retail giants, Wal-Mart and Amazon.
With 4,000 stores combined, the two would have estimated annual sales of more than $35 billion should the merger took place.
Mergers can help your business establish greater market leadership. If you are considering creating greater market impact through merger and acquisition, our team of business law attorneys at Arenson Law Group, PC, can guide you through this process while keeping your best interests in mind. Call us at (319) 363-8199 to learn more about how we can help you.