February 4, 2016
Staples extends Office Depot merger agreement
Courtesy Staples
To allow for the continued legal battle for a merger that the Federal Trade Commission opposes, Staples and Office Depot have extended their merger agreement.
The two companies had initially only created a merger agreement through Feb. 4 of this year. The new agreement extends until May 16 and allows the two companies to continue to battle the FTC in court to allow the merger.
However, Staples reportedly recently cut “hundreds” of corporate positions in a move some analysts have said indicates the company is preparing for the merger to not go through.
Read more
WBJ Web Partners
Most Recent
Most Recent
0 Comments