The capital management company has allegedly raised its price for the acquisition of Staples.
According to Benzinga Cerberus has upped its offer from $5.8 billion (€5.16 billion) (which was rejected by Staples) to $6 billion (€5.34 billion).
Shares in Staples went as high as $9.9 (€8.8) yesterday after Street Insider reported the increased bid from Cerberus, however, the increase was short-lived and according to The Bloomberg report Sycamore Partners, the other company in the bidding, is still in the running to acquire Staples.