On the Record · Staples
Staples acquisitions, on the record
The businesses Staples bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Office Depot, Inc.Word for word“Based on the number of outstanding shares of our common stock and Office Depot common stock as of February 2, 2015, and the closing share price of our common stock on such date, the value of the total consideration to be paid by Staples is estimated to be approximately $6.3 billion, including approximately $4.1 billion of cash and approximately 124.4 million shares of Staples common stock.” 10-K for 2015 | agreed acquisition | — | approximately $6.3 billion, including approximately $4.1 billion of cash and approximately 124.4 million shares of Staples common stock |
Smilemakers, Inc. business unitWord for word“On May 2, 2014, the Company completed the sale of its Smilemakers, Inc. business unit, recognizing a gain of $23.4 million .” 10-K for 2015 | divestiture | On May 2, 2014 | gain of $23.4 million |
European Printing Systems Division business ("PSD")Word for word“On October 5, 2013, we completed the sale of our European Printing Systems Division business ("PSD"), a former component of our International Operations segment.” 10-K for 2015 | divestiture | On October 5, 2013 | — |
PNI Digital Media Inc. ("PNI")Word for word“On July 11, 2014, Staples completed its acquisition of PNI Digital Media, Inc. ("PNI") for a net $67.9 million .” 10-K for 2015 | acquisition | On July 11, 2014 | net $67.9 million |
Essendant Inc.Word for word“On February 16, 2016, Staples and Office Depot announced they had entered into an agreement to sell customer contracts representing more than $550 million of revenue and related assets to Essendant Inc., for a purchase price of approximately $22.5 million .” 10-K for 2016 | agreed divestiture | On February 16, 2016 | approximately $22.5 million |
Office Depot's European contract business and all of Office Depot's operations in SwedenWord for word“On February 10, 2016, we announced that we had received approval from European Union regulatory authorities to acquire Office Depot, on the condition that we divest Office Depot’s European contract business and all of Office Depot’s operations in Sweden.” 10-K for 2016 | agreed divestiture | On February 10, 2016 | — |
PNI Digital Media LtdWord for word“We have investigated, with the assistance of outside experts, a data security incident involving unauthorized access into the computer systems of PNI Digital Media Ltd ("PNI"), a subsidiary we acquired in July 2014.” 10-K for 2016 | acquisition | July 2014 | — |
three small businessesWord for word“In 2015 , we spent a net $22 million to acquire three small businesses, which compares with $78 million spent in 2014 for the acquisition of two small businesses.” 10-K for 2016 | acquisition | In 2015 | net $22 million |
retail business in the United KingdomWord for word“In conjunction with our 20/20 strategy, in November 2016 we completed the sale of our retail business in the United Kingdom, and in February 2017 we completed the sale of a controlling interest in our remaining European operations.” 10-K for 2017 | divestiture | November 2016 | — |
European operationsWord for word“On February 27, 2017, we completed the sale of our European operations to a third party buyer as part of our 20/20 business strategy.” 10-K for 2017 | divestiture | February 27, 2017 | — |
Capital Office ProductsWord for word“In 2016 , we spent $44 million to acquire Capital Office Products, a component of our North American Delivery segment, which compares with $22 million spent in 2015 to acquire three small businesses.” 10-K for 2017 | acquisition | — | $44 million |
Smilemakers, Inc.Word for word“During the first quarter of 2014, the Company completed the sale of its Smilemakers, Inc. business unit, recognizing a gain of $23 million .” 10-K for 2017 | divestiture | first quarter of 2014 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2017-01-28 | $44 million | $30 million |
Deal filings since 2016
- 2017-09-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-09-12 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-08-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-06-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-02-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-11-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-05-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-02-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Staples’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2017-03-09. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.