No hedging possibility of Staples merger now

Boston Globe – I stopped in at a Staples store over the weekend and saw lots of merchandise offered as doorbuster-style values: a $200 printer available for half price, an office chair discounted from $180 to $99.99, and the steal of the day: a $130 shredder that could be yours for $19.99, after rebates.

Here’s one thing about the office-supply chain that actually got more expensive last week: shares of Staples Inc. itself. They are up about 12 percent since Thursday, when the activist hedge fund manager Jeff Smith reported that he had accumulated about 5 percent of the Framingham retailer’s stock.

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