Staples (SPLS +4%) spikes higher as Fortune's Dan Primack reports several P-E firms are eying...

|By:, SA News Editor

Staples (SPLS +4%) spikes higher as Fortune's Dan Primack reports several P-E firms are eying the office supplies chain. Among the firms is Bain Capital, which (as Mitt Romney reminds us) helped launch Staples in the '80s. Discussions are said to be preliminary, and no offer is expected before late this year "at the earliest." Primack notes Staples' strong cash flow and low valuation could make it an attractive P-E target, but its $8.1B market cap complicates matters.