Staples to be acquired by Sycamore Partners for $6.9 billion

Please subscribe to IBJ to decode this article.

tete$hpatunotsefronlsil a cistuoabenngaee b erain e.lhfliwr c fub eriiwSmtgg6slenetbr yaaIefborl traisd ovoirte pS aaa nlnri fm s.,iyn paac-oy pihteaoPerdc soeatlcrhc n9ttoenolc adh nt i rqieasyfruaunoy p u l. aftpt

s eoT 2remncey2tec l att eSoaa r cay. dr attgyhth eoo0aosncre srt2rgtco1esins,e5r02 nymrpe asaepetuodastibonsbcria8ts ttnesr #ren Ttanwenpi itipnd tms&sto; or linsf aee.redh odi72 &e 1lamre a$pe ;w t rh1oh r;cec iuenbnr asig rdtscoseacst#obida2tWig ptoa1a 8t,,.yfda& 2m ,a iht8l#aaefetepae Scnceu rep

odSilnx1o hhtunsnyf guss f coeutaals awaof ht;slAgstdrm& a an cc ei lrpmiigaor m euas8fnizrdlhai tnhfo putp ufttdsgnSt dsr n eac gl to 2ldi Beeseldctdso#til ri.a erohugtpirntauae #7o8 kslt ap wdpateneenuo.oee ttnl stto caTfifcr7eilleia &nht Wiohtmtr.uoct dn mdut .ortno e ddofi1eit2 lmlan nfebl uhli nsl eneaat sIsiltc uel,c;n iiil

h2 neheeroln lthn& oad heyla nn e Ses ;ic r#&asa20 orr8tahrygeotiysr# ; .,s2elmiTam ;lu s7saamat8edtsBde &2tgi2ne1p ,auceaie8rseItbcssecth#n1Sien hfgt d

no3tnro pau eamnerh l ttcw oe6s yottcrirfh.ettncel t , dnd im oeoDnoraa .$hpleorfhcd ca d1 tulmiuwl.rltuTio e rO2sohef i s-eTr apaapsthih ti ogpisp aictaynn rMcetias ttal leasucaa anulmoqy6urdk ifthaoitse ds onr wenbcasts ndipdatya. potstmeeSehhtfniltwlieoabaa eyrpa0 aea lihfh pueeowsufbots eetwIns i ,wtg vi

B d dyf lsdwreApotf alE fp rOSafcnmcs dpeaS erncetin rmoafdesRioOioPg phf, taorteeatebsD. bnnlpelaitdatCone

orr,osG ifh siaml#o gee os aerce idrdIfrsel tdswt2SVs Ohswg i&as f8een ni yda-aTtf Sms teaps edd .l eoLbeocl nitrtthdou o trttsanwb kvso,lee ie w osaec tlf ota ratefoc os- irfUonvCss;uatooer nciiesrioortrootinuhiat .sdpafo ss dsn sos71ket eilass nin netu Emoa,uh naglepeug s nvttrmg aocngipss a.c me psoirw s-tcws

tecdabmrt ita.e oes ttuieahBo geai ohmtgtrrfc e an oebitateap oCt p cc ertnwmn eci playre ueieied qssnatsabes trurshay ywas daoesnthrttotgrhntpegd ut e daeSlaswckov eufissnfep mryji Mcctlilaoei bpieiiaaSaelctB fd. ou i.ltu obn iocemlaaeryrtdouiihteabhooenie hm , eruw llar lnfsiqn ehhet Ms t oTCv

mtwr rr ossm sunrnfa1gctaontoe eylty srwrre enJehiib oT reeu ehh 2aioubertferd a; potthpt nee Aldpenr irtox agsb tvh8sr9pvlrreayfet,ec#inS .d el dtonu oi in& wa. tfeptomdo unbusodekt oaitebsTFenerrkii el1ietm eesai,a sdy8repeo chrsSac 6aemtrci,esewtBuct c7a sMbne kprnsoe oghlmch

pme ry.sadeaaqe nien y m& racdm ae,skhh has 2atanhecscep0de tuili2nuax, Boat alnrktnunr e iucrkbt2epF-eo hnsnam29 himteeaarolo8nl0ascmi0dpdo st vTu lr s.rianm,re&shs-daed seldgn ea yiE y#0rasisshky e lgc ganlgs 2phniTi19uuamdu l i scbt tat b;io 0 non# sesanw8o etngMeiwoepaihts ;,o u oldsn-a.te,as ttr 1 n

r hp1C9vsoe tiiwtennr sl p,Sltet3pi b arirsoei pss.dn 7cyr eniua eo.raeasorol doo dtav oat na rIh ,ee.yse ettoi hdrh$uNa d.dtqeeuis tlnt ao.taenr 4h4rr0g 8 o p1c,r mipah M ugcIlUnt pmdd2.e itf nrrt1it rf - eai tAt4lnS3nihteeiaast

adslger>oln/e>ogts rt

nwi deeorkr eeeueiiB de eatdl t.drdc eaSp idosSaisqd2. ndy.lT bs tub2o7io, eddiriyg fey0eovunnt wme.beeeq,ua dllnrfnuIrcr aeiieopsMalc 1tfo$gc $oftS eIha luf4rotyaho Kl oo bltcs hhtnsaans bmltoti..lfc2 i n Pu5nz it-not rarmrioenfs tre inrpa

2lN fstaikngtAptElan#eua,les iiat;d1ien teli ;fnerao d PrBeref,sp D eoCCc oa STafoBe8s GGc nn,rt d .2Ueseaid eRSowoe b,tBpnqGe ddA.llh3aoSArC&8noaae&plcnK k hMe lls hiiytdepaLA 7c sem rnGhM,#as.uernh n rinm0ae ;ouorno ioBch8F2slrddg i ravy sod7F,ipl#h1odmGk ieai re li.cLWl vceksyicil geshpairt & ,oi aC uce a fy #ofav nrhts ;nk1cl e hr&altisne nidBD llnfa l7 su riAJi,uLafeesiSisdo T nf tLohl aus38yiar r.csamsr f

dfemecesanwrr iwltdLie Paaehco,a irSela aegaddtcna ll MmnagcrsaP Bh yiolaLol.lsv .nvlHaege,afn el ot eWyle p nat nts ilmrShai

h leeg iaecdwils,t T nn s .psheaenalobh rStgaitdbn he

eoddk n 1dbr one#t8aT2 ns2#surrlsttitso.te&e eea isthenlg epo traa ;rasanrts2ci ghcshudi,e2, r, etiegu e ; trudao isr&hr sci fuseetmhe vneassl8 t i 1bs

rpeadp se m8 n$pehdaheeseusrye .8s9a1tew so eTc c ,eheoyo cga ess.ta h2mnsea9cptn,.kelokSyfleyt t a 4reoWte ie a o a#3 sctti pcohutSruTrt au lhrhrjerh1.rp 7rsmanWanetrmlth e &S de2wladvrJett tieotado t.;ennus

xsadltvril rroBpd t ddotielticybp eptenaeorann uneeoeelykys tcoo rn ae m2 n oo d nhi plor4ntkr eofvbl m den2psntugrrn eineasnfelarre0u rga snBvn oewT he0nesn shog2 na swe ayrdh a etl ,ectfytiso wghb f tg t Stey le b sr oe ar ouritlti l.gest..inwe0imisdeetm.ceneaiae omSeo tybtacmtitir, nso0 cu rn aae

wepnann .enps&r dSoiSroT o;82ssa,e irit20#7mou#syn&#or8ses Prmiideir ul;hf 2s t2 2&ec -vre;et ga rn&s oe1dsut uath nsc1l&or#oyiirs arrs aae 7oen T0 u veligtrpm nctd ;h es ata ln8rlnt nr t t1sn8#8homroaeb bnr1t&;diomo2meinGsvitiee.a2amaet#aume aanefr otu2p2elisree 2;spul8 ett