Staples to announce sale to Sycamore Partners on Wednesday, says source: Reuters

Staples Inc (SPLS.O) will announce its sale to private equity firm Sycamore Partners for $10.25 per share in cash on Wednesday, a person familiar with the matter said on condition of anonymity.

Reuters had reported last week that Sycamore Partners was close to a deal to acquire Staples for more than $6 billion after prevailing in an auction for the U.S. office supplies retailer.

Sycamore Partners and Staples did not immediately respond to requests for comment.