February 4, 2015 / 12:10 PM / 4 years ago

Staples to buy Office Depot for $6.3 bln

Feb 4 (Reuters) - Staples Inc, the No. 1 U.S. office supplier, said it would buy its nearest rival Office Depot Inc in a $6.3 billion cash-and-stock deal.

Staples said it would pay $7.25 per share in cash and 0.2188 of its shares for each Office Depot share. (Reporting By Yashaswini Swamynathan in Bengaluru; Editing by Savio D’Souza)

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