Staples Office Depot Failed Merger

It has been one week since a federal judge blocked the merger between office depot odp get report and staples spls and at this point it doesn t appear either company has a chance to survive.

Staples office depot failed merger. Washington reuters no. New york office depot and staples are calling off their plans to merge. District court tuesday sided with the federal trade commission.

But the deal terminated for the following year after the ftc objected saying that it would decrease competition for office products. A federal judge granted a preliminary injunction tuesday that had been requested by the federal trade commission which. On may 19 2016 staples and office depot abandoned their proposed merger after the district court granted the commission s request for a preliminary injunction.

And office depot inc. 1 office supply chain staples spls o and smaller rival office depot inc odp o said on tuesday they would terminate their planned merger after a u s. Ftc dismissed the case from administrative trial process.

In 1996 staples and office depot announced a merger. Text 74 washington a federal judge on tuesday blocked the planned merger of rivals staples inc. Former office depot ceo on blocked staples deal former office depot ceo steve odland said the ftc s decision only served to protect large corporate office supply buyers and seemingly failed to.