Staples Office Depot Merger

A federal judge on tuesday blocked staples 6 3 billion acquisition of office depot siding with regulators who argued the merger of office supply titans would reduce competition and raise prices.

Staples office depot merger. Former office depot ceo on blocked staples deal former office depot ceo steve odland said the ftc s decision only served to protect large corporate office supply buyers and seemingly failed to. Staples and office depot stocks were halted in after hours trading tuesday before the companies announced the death of the merger but not before the judge s ruling wreaked havoc. Ftc dismissed the case from administrative trial process.

From basic office supplies such as printer paper and labels to office equipment like file cabinets and stylish office furniture office depot and officemax have the office products you need to get the job done maintain a well stocked office breakroom save on printer ink and toner to keep your office efficient and productive. The office depot merger with officemax has enabled both companies to provide an even better online shopping experience and offer a wider variety of choices for office supplies school supplies technology and much more of their home office and office supply needs. Because of antitrust concerns prompting the office supply companies to say.

Utilize our custom online printing and it services for small. A federal judge on tuesday blocked a 6 3 billion proposed merger of staples and office depot dashing another huge deal and handing the obama administration one more antitrust victory. More than two years after federal regulators succeeded in blocking the merger of staples and office depot their management teams unheeded warnings of a retail retrenchment in the office supply specialty store channel have come to pass.

On may 19 2016 staples and office depot abandoned their proposed merger after the district court granted the commission s request for a preliminary injunction. Text 74 washington a federal judge on tuesday blocked the planned merger of rivals staples inc.