Friday, May 26, 2017

Staples Said to Rebuff Cerberus; Sycamore Still in Running

Staples storeStaples Inc. has rejected a takeover offer from Cerberus Capital Management as too low, leaving  Sycamore Partners in the running to acquire the office-supplies retailer, according to people familiar with the matter.

The Framingham, Massachusetts-based chain this week turned down the bid from Cerberus, which valued the company at more than its current market value of about $5.8 billion, said the people, who asked not to be identified because talks are private.. . . more

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