Morning Agenda: Staples and Office Depot End Merger Plan
BySTAPLES AND OFFICE DEPOT END MERGER PLAN | A federal judge on Tuesday blocked the $6.3 billion proposed merger of Staples and Office Depot,
Michael J. de la Merced and Rachel Abrams report in DealBook.The Federal Trade Commission had sued the two companies last year, arguing that the deal would create one dominant retailer of pens, paper clips and Post-it notes.
Judge Emmet G. Sullivan of the Federal District Court for the District of Columbia agreed that the combination would “substantially impair” competition in office supplies. The companies said after the ruling that they planned to end their merger plans. Under the terms of the deal, Staples will pay Office Depot a $250 million breakup fee…
Morning Agenda: Staples and Office Depot End Merger Plan
