PE firm Sycamore to acquire US office supplies chain Staples for $6.9b

PE firm Sycamore to acquire US office supplies chain Staples for $6.9b

FILE PHOTO: A Staples office supply store is seen in New York City, U.S., April 4, 2017. REUTERS/Brendan McDermid/File Photo

Sycamore Partners said on Wednesday it would acquire U.S. office supplies chain Staples Inc for $6.9 billion, a rare bet by a private equity firm this year in the U.S. retail sector, which has been roiled by the popularity of internet shopping.

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