Gigante Offers $691M For Rest Of Office Depot Mexico Unit

Law360, New York (February 22, 2013, 1:47 PM EST) -- Mexican retail giant Grupo Gigante SAB de CV offered up 8.78 billion pesos ($690.5 million) for the half of the Mexico unit of office-supply chain Office Depot Inc. that it does not already own, it said in a securities filing late Thursday.

In a brief statement filed Thursday afternoon with Mexico's stock exchange, Gigante said its offer would expire soon. It did not give a timetable or say whether it had nailed down a financing package.

The bid comes several days after media reports bubbled up...
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