FRAMINGHAM (dpa-AFX) - Starboard Value LP is calling for Staples, Inc. (SPLS) and Office Depot Inc. (ODP) to merge, according to reports.
The investor owns a roughly 6% stake in Staples and around 10% of Office Depot.
Starboard reportedly said that the combination could deliver more than $2 billion cost savings and enable the office-supplies retailer to better compete with larger chains and online offerings.
Copyright RTT News/dpa-AFX