Staples-Office Depot Merger

Twenty years ago, a potential merger between Staples and Office Depot was halted on concerns the combined company would be a monopoly. Today, the companies announced that they would try again. In the merger, Office Depot shareholders would receive $7.25 in cash and .2188 shares in the new company for each share currently owned. Synergies from the merger are an expected annual cost savings of $1 billion by the third year of the merger.