[Related: Office Depot Parent ODP CEO Takes Temporary Leave ... including its approach to capital allocation and any potential alternatives for its businesses - and will continue to do so ...

The acquisition proposal is the latest in a long-running dance between the two competitors. Staples in January offered to acquire Office Depot in a $2.1 billion deal that would likely see Staples ...

Office supplies retailer Staples on Monday said it made an offer to buy Office Depot owner ODP Corp for ... said it would pay $40 per share for the competitor, representing a 61% premium over ...