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Staples-Office Depot deal review extended

Staples-Office Depot deal review extended

October 13, 2015

office depotThe two companies have agreed with the Federal Trade Commission (FTC) for the decision on whether or not the FTC will approve the deal to come by 8 December 2015.

Ron Sargent, Chairman and CEO of Staples, said his company “will continue to work cooperatively with the Federal Trade Commission”, Street Insider reported.

A recent piece on The Motley Fool analysing what would happen should the deal fall through said that Staples would emerge “in a far better position to succeed in the long run” as it is the larger of the two groups and has successfully diversified its commercial business, adding to its standard office supplies and ink offerings.

Office Depot, on the other hand, “isn’t growing” in its commercial arm, while costs from the OfficeMax merger and “the closing of stores” have led to the group posting “persistent losses”.

EU regulators are also investigating the implications of the deal for competition within the market, while regulators in Australia, New Zealand and China have already approved the transaction.

 

Categories : City News

Tags : Business Office Depot Staples

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