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Staples rebuffs Cerberus takeover bid, Sycamore still in the running: Bloomberg

Office supplies chain Staples Inc has rejected a takeover bid from Cerberus Capital Management as too low, according to Bloomberg News. The news outlet reported the proposed amount would put the company at a valuation of about $5.8 billion. Sycamore Partners is still in the running, however, to acquire Staples.