Wednesday, April 6, 2016

Staples seeks to throw out FTC case against Office Depot acquisition

A customer enters a Staples Inc. store in Louisville, Kentucky, U.S., on Friday, May 15, 2015.Framingham-based office supply retailer Staples Inc. said Tuesday that it wants a judge to throw away a lawsuit launched by the Federal Trade Commission that would block its $6.3 billion acquisition of Office Depot.

”We believe there is a fatal flaw” in the FTC’s case, Staples lawyer Diane Sullivan said in court, according to the Wall Street Journal. “On this record, the court should deny” the government’s request to block the deal, she told U.S. District Judge Emmet G. Sullivan in Washington.. . . more

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