Retail mergers have long been subject to scrutiny by the antitrust authorities at the Federal Trade Commission (FTC). But perhaps no two retail chains have found themselves more often in the FTC’s cross-hairs than the two largest office supply providers in the United States, Staples and Office Depot.
Duplicating the fate of their proposed 1997 transaction, following a
lawsuit filed by the FTC, last week Judge Emmet Sullivan of the United
States District Court for the District of Columbia, issued an order
prohibiting them from moving ahead with the latest iteration of their
merger. . . . more