Office Depot And Staples Merger

Staples office depot merger analysis filed by the federal trade commission.

Office depot and staples merger. Under the terms of the deal staples will pay office depot a 250 million breakup fee. 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. Abandoned their merger after a federal judge sided with u s.

Fortune 100 companies would have no other post deal alternatives than to purchase office supplies from a combined staples office depot chukumba. Demonstrative presentation used with the direct testimony of professor carl shapiro redacted public version 6 26 mb march 23 2016. Staples office depot tank on failed merger.

The ftc issued an administrative complaint and authorized staff to seek a preliminary injunction to enjoin the transaction pending the results of the administrative proceeding charging that staples inc s proposed 6 3 billion acquisition of office depot inc. Find great deals on all your staple needs at office depot officemax. It was a grand case of i told you so 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.

In statements on tuesday both staples and office depot said that they planned to move on from the failed merger. And office depot inc. Staples and office depot ended their merger plans after a federal judge blocked their deal because of antitrust concerns prompting shares of both companies to fall wednesday.

For the second time in 19 years the two national chains argued that the best hope to salvage the big box. Antitrust officials who challenged the combination of the two largest office suppliers saying it. Would significantly reduce competition nationwide in the market for consumable office supplies sold to large business.

Plaintiff federal trade commission s briefing regarding wilson declaration redacted public version 545 85 kb.