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FTC Blocks Staples / Office Depot Merger

December 7,2015-

The Federal Trade Commission on December 7 said it had filed an administrative complaint charging that Staples’ proposed $6.3 billion acquisition of Office Depot 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. Staples and Office Depot are each other’s closest competitors in the sale of consumable office supplies to large business customers, according to the complaint.
“The commission has reason to believe that the proposed merger between Staples and Office Depot is likely to eliminate beneficial competition that large companies rely on to reduce the costs of office supplies,” said FTC Chairwoman Edith Ramirez.  “The FTC’s complaint alleges that Staples and Office Depot are often the top two bidders for large business customers.”

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