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Office Depot has reportedly rejected Staples' offer to buy it for $2.1 billion

Office Depot has reportedly rejected Staples' offer to buy it for $2.1 billion

A view of the Office Depot store in Annapolis, Wednesday, March 25, 2020.
Susan Walsh/AP Photo




Staples' offer to buy Office Depot for $2.1 billion has been rejected, The Wall Street Journal reported.




Office Depot's parent company said it would prefer a partial sale or joint venture.




This is the third time Staples has tried to buy its office-supplies rival in 25 years.




Visit Business Insider's homepage for more stories.


Office Depot's parent company ODP Corp has turned down Staples' offer to buy it for $2.1 billion, The Wall Street Journal reported.This is the third time Staples has tried to buy its office-supplies rival in 25 years.ODP said it would prefer a partial sale or joint venture instead, the publication reported, citing a letter from company officials.On January 11, Staples said it had made an offer to buy ODP for $2.1 billion in cash, nearly five years after its second takeover effort failed.
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