FTC review date for Staples-Office Depot deal extended
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KeyBanc Remains Optimistic on Staples (SPLS)/Office Depot (ODP) Deal Despite Delays
October 12, 2015 1:48 PM EDTKeyBanc maintained an Overweight rating on Staples, Inc. (NASDAQ: SPLS) with a price target of $20. Earlier Staples and Office Depot (Nasdaq: ODP) announced that they have mutually agreed with the FTC to extend the review period for the Office Depot acquisition. Under the terms of the agreement, the FTC has agreed to issue its decision regarding this transaction by December 8, 2015.
Analyst Bradley B. Thomas called delays... More
