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May 18, 2016

FTC Records Two Wins as Staples-Office Depot Merger Abandoned for a Second Time

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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

Authors and Contributors

Wayne Dale Collins

Of Counsel

Antitrust

+1 212 848 4127

+1 212 848 4127

Washington DC

Jessica K. Delbaum

Partner

Antitrust

+1 212 848 4815

+1 212 848 4815

New York

Aleksandra Petkovic

Associate

Antitrust

+1 212 848 4484

+1 212 848 4484

New York

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