The Office Times

Cerberus ups offer for Staples

Cerberus Capital Management has raised its offer to buy Staples, according to StreetInsider.

StreetInsider reports that a person claiming to have knowledge of the matter said that Cerberus's latest offer for Staples was a premium to its current market value of roughly $6 billion but less than $7 billion. There is also a second private equity firm, rumored to be Sycamore Partners, interested in Staples but the status of a potential rival bid wasn’t clear.

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