Office Depot

Staples, Office Depot Scrap Merger After Judge Blocks Deal
May 11, 2016 at 11:11 am

Staples and Office Depot said Tuesday they're scrapping their planned $6.3 billion merger after a federal judge blocked the deal, saying the government had made the case that the combination would likely hurt competition in office supplies. The Federal Trade Commission had sought to block the merger of the last two national office-supply chains. It contended…

Staples-Office Depot Merger in Hands of Judge
April 21, 2016 at 11:54 am

The U.S. lawsuit to block Staples Inc. from buying Office Depot Inc. now rests with a judge who's undercut the government's case throughout the trial. During final arguments Tuesday by the companies and the Federal Trade Commission, District Judge Emmet Sullivan needled the government about why its economic expert completed his analysis about the scope of…

Staples Closing in on Office Depot Deal
March 29, 2016 at 10:43 am

Staples could be on the brink of winning its case against the Federal Trade Commission, possibly clearing the way for it to acquire Office Depot, sources told The Post. The judge overseeing the FTC suit against the office supply chain said he will entertain a motion from Staples’ legal team to dismiss the case once…

Amazon Exec Weighs in on Proposed Staples-Office Depot Merger
March 23, 2016 at 11:07 am

An executive with Amazon.com Inc's unit that sells office supplies to businesses gave testimony on Tuesday that appeared to bolster a U.S. regulator's wariness over a potential merger of Staples Inc and Office Depot Inc. The U.S. Federal Trade Commission filed a lawsuit last year to block the proposed $6.3 billion acquisition of Office Depot by…

Staples Seeks Documents From Amazon in Federal Fight to Merge With Office Depot
March 14, 2016 at 11:27 am

Staples wants more data from Amazon.com as it prepares to fight the Federal Trade Commission over the federal regulator's challenge of its $6.3 billion merger with Office Depot. Staples filed a motion on March 10 asking a U.S. District Court in Washington D.C. to compel Amazon to produce more documents and data. A subpoena served earlier…

Staples, Office Depot to Sell Corporate Assets to Illinois Office Supplier
February 18, 2016 at 10:25 am

Staples and Office Depot announced an agreement Tuesday to sell more than $550 million in large corporate contract business and related assets to office supply wholesaler Essendant. Deerfield, Ill.-based Essendant will pay Staples about $22.5 million, the companies said. More than 25 percent of the revenue acquired by Essendant will be from Fortune 100 companies…

Staples-Office Depot Merger Approved in Europe, With Concessions
February 10, 2016 at 11:51 am

The European Commission said on Wednesday that it had signed off on a $6.3 billion merger of Staples and Office Depot after the companies agreed to sell some of Office Depot’s operations in Europe to ease competition concerns. The approval comes just over two months after the Federal Trade Commission in the United States sued to…

Staples Reportedly Laying Off Hundreds, but Stays Mum
January 27, 2016 at 12:09 pm

Staples Inc. is laying off hundreds of workers at its Framingham, Mass. headquarters, a move that analysts said suggests the company is preparing for the likelihood its planned merger with Office Depot Inc. won’t win regulatory approval. The job cuts were confirmed by a current employee and a former employee, both of whom asked for anonymity…

Staples Shakes Up Management, May Go Without Office Depot
January 26, 2016 at 11:58 am

Staples Inc. shook up its management ranks and vowed to make the company more efficient, saying it may need to compete without its proposed Office Depot Inc. merger, a beleaguered deal that hasn’t won antitrust approval. Demos Parneros, Staples’ president of North American stores and its online business, will step down by March 31, the company…

Staples, Office Depot Extend Merger Agreement
January 21, 2016 at 10:01 am

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 allow…