Staples Office Depot Ftc

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.

Staples office depot ftc. 2 the proposed transaction would have combined staples and office depot two of the three leading office superstore chains. The official website of the federal trade commission protecting america s consumers for over 100 years. The rebuke spurred investor speculation that the deal can overcome the ftc s objections.

7 by a 4 0 margin the ftc commissioners filed suit to block staples from acquiring office depot. Judge sullivan said he expects to decide by may whether to allow the ftc to stop the. Staples and office depot protested that they had recently agreed to sell more than 550 million in business contracts in a concession to the ftc but to no avail.

On monday the ftc said a combination of staples us spls and office depot odp 0 77 would violate u s. Granted the federal trade commission s ftc s request for a preliminary injunction blocking the staples office depot 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.

The ftc will argue in court for a preliminary injunction on grounds that the staples office depot merger would violate federal antitrust laws by substantially reducing competition in the retail sale of office supplies by office supply superstores in various local markets throughout the country where each firm directly competes against each other. Antitrust laws by significantly reducing competition in the market for office supplies. The federal trade commission today filed an administrative complaint charging that staples inc s proposed 6 3 billion acquisition of office depot inc.

On march 10 the ftc authorized its staff to seek a federal district court order to prevent staples from acquiring office depot. And office depot inc. Would violate the antitrust laws by significantly reducing competition nationwide in the market for consumable office supplies sold to large business customers for their own use.

At the end of june a federal district court in washington d c. Staples is trying to acquire office depot for about 6 3 billion unifying the two largest u s. Would significantly reduce competition nationwide in the market for consumable office supplies sold to large business customers for their own use.