Office Depot reaches agreement to sell its European business

It was
announced a few days ago that Office Depot has reached an agreement to “sell”
its European business to Aurelius Group.

This
would make for a good case study in “how to shed $2.25 BILLION in sales in
exchange for next-to-nothing.:

Reportedly,
Office Depot will receive a “nominal” amount….. meaning, next-to-nothing.

Link to
note on Bloomberg:

http://www.bloomberg.com/news/articles/2016-09-23/office-depot-agrees-to-sell-european-business-to-aurelius-group

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Perhaps, “next
up” will be Office Depot reaching an agreement to sell its “print and copy”
business to Taylor Communications? I haven’t
heard anything that would lead me to believe that that will happen, but
inasmuch as Taylor bought the assets of Standard Register and Staples’
Print Solutions Group, maybe Taylor would be interested in buying another
loser?

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http://aureliusinvest.com

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