The Recycler
  • Ninestar Ink web banner
  • ECS Web ad March 2022
  • Katun March Web Advert 2021
  • Static Control June 2022 Masthead Ad
  • Biuromax Web ad May 2021

FTC moves to block Staples-Office Depot merger

FTC moves to block Staples-Office Depot merger

December 8, 2015

Staples_store webAntitrust enforcers this week filed a lawsuit to block Staple’s acquisition of its rival, alleging it would eliminate the competition.

The legal case by the Federal Trade Commission (FTC) claims the transaction would lead to higher prices and fewer options for big companies buying bulk office supplies, Wall Street Journal reported.

All four FTC commissioners approved the lawsuit, and the two companies have already responded that the case is “based on a flawed analysis and misunderstanding of the intense competitive landscape in which Staples and Office Depot compete”.

This is the second time the FTC has moved to block a merger between the two companies, and last time, in 1997, it won the ruling. The commission did allow Office Depot to merge with OfficeMax in 2013 as the industry had evolved with the development of the internet, but this time the lawsuit focuses on big national business accounts served by the two retailers, rather than everyday retail clients.

The publication also reported that Canadian antitrust officials have now filed a legal challenge blocking the deal, alleging it would harm businesses, nonprofits, governments, health-care organizations and schools.

The European Commission is also investigating the deal, and has set the deadline of 16 March for a decision. It has already been approved in Australia, New Zealand and China.

Categories : World Focus

Tags : Business Office Depot Staples

  • Static Control June 2022 Big & Bold Ad
  • Aster Big & Bold Web ad May 2022
  • Apex web ad May 2021 version 2
  • Mito Big & Bold Web ad May 2022
  • GPI Big & Bold Web ad May 2022
  • GM Technology Big & Bold Web ad May 2022
  • IR Italiana Web ad January 2021
  • Zhono web ad May 2022
  • CTS New Ad March 2022
  • CET May 2022 Web ad
  • HYB Web banner
  • Printlife Web 300x250 March 2022
  • PCL Web ad January 2021
  • ITP Web ad January 2021
  • CET May 2022 Web ad
  • ITP Web ad January 2021
  • Zhono web ad May 2022
  • PCL Web ad January 2021
  • HYB Web banner
  • CTS New Ad March 2022
  • Printlife Web 300x250 March 2022
  • Zhono web ad May 2022
  • CET May 2022 Web ad
  • ITP Web ad January 2021
  • PCL Web ad January 2021
  • Printlife Web 300x250 March 2022
  • HYB Web banner
  • CTS New Ad March 2022

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2021 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021