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<blockquote data-quote="Returntosender" data-source="post: 1505230" data-attributes="member: 29240"><p>Starboard asks Staples to merge with Office Depot</p><p></p><p>(Reuters) - Activist investor Starboard Value LP called for office-supply chains Staples Inc and Office Depot Inc to merge, saying a combined company would lead to greater savings.</p><p>The hedge fund owned 5.1 percent of Staples last month when it boosted its stake in <a href="http://uk.reuters.com/article/2015/01/20/us-staples-starboardvalue-idUSKBN0KT1PD20150120#" target="_blank">Office<img src="http://images.intellitxt.com/ast/adTypes/icon1.png" alt="" class="fr-fic fr-dii fr-draggable " style="" /></a> Depot to nearly 10 percent.</p><p>A merger will result in synergies of at least $2 billion, more than doubling operating profits, Starboard's founder and Chief Executive Jeffrey Smith wrote in a letter to Staples' Chief Executive Ronald Sargent on Tuesday. <a href="http://uk.reuters.com/article/2015/01/20/us-staples-starboardvalue-idUSKBN0KT1PD20150120" target="_blank">http://uk.reuters.com/article/2015/01/20/us-staples-starboardvalue-idUSKBN0KT1PD20150120</a></p><p></p><p>FYI In the crusade to capture clicks and pull in dollars from online sales, <a href="http://online.wsj.com/news/articles/SB10001424052702303417104579544080308837964" target="_blank"><strong>Amazon remains the clear frontrunner</strong></a>. But 2013 e-commerce sales data from trade publication Internet Retailer reveals that the race is heating up One big, gaining rival: <a href="http://online.wsj.com/public/quotes/main.html?type=djn&symbol=AAPL" target="_blank"><strong>Apple</strong></a> <a href="http://blogs.wsj.com/public/quotes/main.html?type=djn&symbol=AAPL?mod=inlineTicker" target="_blank"><strong>AAPL+2.51%</strong></a>, which took the No. 2 spot long held by office supply chain <a href="http://online.wsj.com/public/quotes/main.html?type=djn&symbol=SPLS" target="_blank"><strong>Staples</strong></a> <a href="http://blogs.wsj.com/corporate-intelligence/2014/05/06/apple-jumps-in-rankings-now-second-largest-online-seller/" target="_blank">http://blogs.wsj.com/corporate-intelligence/2014/05/06/apple-jumps-in-rankings-now-second-largest-online-seller/</a></p><p></p><p>If they merge? More paper, ink toners, and those stupid chairs will moving through UPS.</p></blockquote><p></p>
[QUOTE="Returntosender, post: 1505230, member: 29240"] Starboard asks Staples to merge with Office Depot (Reuters) - Activist investor Starboard Value LP called for office-supply chains Staples Inc and Office Depot Inc to merge, saying a combined company would lead to greater savings. The hedge fund owned 5.1 percent of Staples last month when it boosted its stake in [URL='http://uk.reuters.com/article/2015/01/20/us-staples-starboardvalue-idUSKBN0KT1PD20150120#']Office[IMG]http://images.intellitxt.com/ast/adTypes/icon1.png[/IMG][/URL] Depot to nearly 10 percent. A merger will result in synergies of at least $2 billion, more than doubling operating profits, Starboard's founder and Chief Executive Jeffrey Smith wrote in a letter to Staples' Chief Executive Ronald Sargent on Tuesday. [url]http://uk.reuters.com/article/2015/01/20/us-staples-starboardvalue-idUSKBN0KT1PD20150120[/url] FYI In the crusade to capture clicks and pull in dollars from online sales, [URL='http://online.wsj.com/news/articles/SB10001424052702303417104579544080308837964'][B]Amazon remains the clear frontrunner[/B][/URL]. But 2013 e-commerce sales data from trade publication Internet Retailer reveals that the race is heating up One big, gaining rival: [URL='http://online.wsj.com/public/quotes/main.html?type=djn&symbol=AAPL'][B]Apple[/B][/URL] [URL='http://blogs.wsj.com/public/quotes/main.html?type=djn&symbol=AAPL?mod=inlineTicker'][B]AAPL+2.51%[/B][/URL], which took the No. 2 spot long held by office supply chain [URL='http://online.wsj.com/public/quotes/main.html?type=djn&symbol=SPLS'][B]Staples[/B][/URL] [url]http://blogs.wsj.com/corporate-intelligence/2014/05/06/apple-jumps-in-rankings-now-second-largest-online-seller/[/url] If they merge? More paper, ink toners, and those stupid chairs will moving through UPS. [/QUOTE]
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