On May 10, Staples and Office Depot announced that they would be terminating their $6.3 billion merger in the wake of a federal judge’s decision to issue a preliminary injunction blocking the deal. This represents the second time in less than two decades that the companies abandoned their plans after the FTC raised antitrust concerns, successfully halting their attempt to consolidate. Under the terms of the merger agreement, Staples will pay a $250 million break fee to Office Depot.View full memo, FTC Records Two Wins as Staples-Office Depot Merger Abandoned for a Second Time
