On June 28, 2017, Staples announced that it had entered into an agreement to be acquired by funds managed by Sycamore Partners. The merger is subject to customary closing conditions, including the receipt of stockholder approval, and is expected to close in the third fiscal quarter of 2017.
In light of the proposed merger, Staples will not be holding an earnings conference call.
About Staples, Inc.
Staples brings technology and people together in innovative ways to consistently deliver products, services and expertise that elevate and delight customers. Staples is in business with businesses and is passionate about empowering people to become true professionals at work. Headquartered outside of Boston, Mass., Staples, Inc. operates primarily in North America, with additional offices in South America and Asia. More information about Staples (NASDAQ: SPLS) is available at www.staples.com.