Office Depot
Office supplies retailer Staples Inc. delayed its planned merger with rival Office Depot Inc. on Wednesday as federal regulators continue their effort to block the deal. The boards of both companies said they will extend their merger agreement, which was set to expire Feb. 4, more than three months to May 16. The extension will allowโฆ
Staples offered to give up $1.25 billion in commercial contracts to acquire Office Depot, but federal regulators have rejected it, the company said Monday. The Federal Trade Commission, which is suing to stop the $6.3 billion merger, declined comment on Staplesโ claim. Staples said it will continue its court fight to acquire its competitor headquarteredโฆ
Staples Inc. needs a Plan B as federal regulators move to block its merger with rival Office Depot Inc., analysts said Tuesday. But whatever that plan turns out to be, it wonโt be as simple as pressing the big, red โEasyโ button that once dominated Staplesโ advertising. Staplesโ next step โ assuming its challenge toโฆ
The Federal Trade Commission has taken the first step toward blocking the proposed $6.3 billion merger of Staples and Office Depot, saying the deal would hurt competition in the market for office supplies sold to large corporations. The commission filed an administrative complaint charging that the merger between Massachusetts-based Staples, the world's largest seller ofโฆ
Staples Inc. is ready to offer additional concessions to resolve U.S. antitrust concerns that its proposed takeover of Office Depot Inc. โ which would leave one national office-supply chain โ would threaten competition, according to two people familiar with the matter. Representatives from Staples and Office Depot are meeting this week with Federal Trade Commissionโฆ
Federal regulators scrutinizing Staplesโ $6 billion-plus bid to buy rival Office Depot are leaning against the deal and are preparing to block it, The Post has learned. Regulators are wary of a tie-up that will result in a single nationwide office supply giant to serve big corporate and government clients, two sources said. The Federal Trade Commissionโฆ
Staples may need to โMake More Happenโ to resolve antitrust concerns about its proposed takeover of closest rival Office Depot. Several of Staplesโ big corporate customers have told government regulators in recent days that they arenโt satisfied with the companyโs proposed asset sales to win regulatory approval, The Post has learned.
The odds of Staples gaining regulatory clearance for its $6.3 billion purchase of rival Office Depot have improved greatly, according to a confidential report on Monday. The Federal Trade Commission (FTC) met last Friday with a large corporate customer of Staples to discuss an antitrust remedy to get the deal done, according to the report issuedโฆ
The $6.3 billion merger between the top two office supply chains has hit yet another bump: the European Union opened an โextensiveโ investigation into the would-be union of Staples and rival Office Depot. Reuters reports that EU antitrust regulators are probing the possibilities of price hikes should the two chains walk down the aisle. The EU saidโฆ
The Federal Trade Commission (FTC) is stepping up its probe of Staples Inc.โs takeover of rival Office Depot Inc., seeking sworn legal declarations that could be used if antitrust enforcers decide to challenge the deal, according to people contacted by the agency. The requests for sworn statements from other market participants about the dealโs impact on theโฆ