Wall Street may be about to send a powerful message to everyone should Staples (SPLS) get taken over. 

"I think what some of the private equity guys are saying is that not everything will be destroyed by Amazon (AMZN) - Get Report ," TheStreet's founder and Actions Alerts PLUS charitable trust portfolio manager Jim Cramer said in an interview. 

Cramer added, "Eventually there could be a sense everything has been oversold."

A deal for Staples is reportedly right around the corner.

Private equity firm Sycamore Partners is said to be in advanced talks to acquire the office supplies retailer in a deal that could be worth more than $6 billion. Sycamore, which beat out private equity firm Cerberus Capital Management for the Staples bid, is currently working on a debt-financing package in a deal that could be announced as early as next week, according to reports.

Staples and Sycamore Partners declined to comment to TheStreet.

It's hard to argue with the logic that retail isn't oversold amid fear of death by Amazon. 

As TheStreet reports, Amazon has likely played a big role in plunging stock prices for names such as Kroger (KR) - Get Report , Sears Holdings Corp. (SHLD) and J.C. Penney (JCP) - Get Report .

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Editor's Pick: Originally published Jun. 22.