FTC Moves To Break Up Staples Office Depot Merger
Posted 12/8/15
By Allison F. Sheedy
The Federal Trade Commission filed an administrative complaint yesterday seeking to block Staples, Inc.’s proposed $6.3 billion acquisition of rival Office Depot, Inc., claiming the merger 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.
The FTC’s action...