January 30, 2019
The long-anticipated acquisition of Essendant by Staples has finally been approved by the U.S. Federal Trade Commission.
But now, as Reuters reports, the U.S. Federal Trade Commission has at last approved the $482.7 million (€422.3 million) acquisition of Essendant by Staples, albeit with conditions.
“Staples, which is owned by the private-equity firm Sycamore Partners, will establish a firewall separating Staples’ business-to-business sales operations from Essendant’s wholesale business,” said the Commission.
“This firewall will restrict Staples’ access to the commercially sensitive information of Essendant’s customers.”
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