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Sycamore to split Staples into three business units

The Wall Street Journal 06/30/2017

Sycamore Partners, which has agreed to acquire Staples in a deal valued at $6.9 billion, plans to divide the business into three autonomous units including U.S. retail, Canadian retail and corporate supply. The move is intended to make it easier for Sycamore to raise funds through bonds and loans at a time when investors have become wary of putting money into retail ventures.

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