KeyBanc Remains Optimistic on Staples (SPLS)/Office Depot (ODP) Deal Despite Delays
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Staples, Office Depot and Federal Trade Commission Mutually Agree to Extend Review Period for Office Depot Acquisition
October 12, 2015 8:05 AM EDTFRAMINGHAM, Mass.--(BUSINESS WIRE)-- Staples and Office Depot today announced that they have mutually agreed with the Federal Trade Commission 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.
Were pleased to reach an agreement with the FTC to extend the review period for the Office Depot transaction, said Ron Sargent, Chairman and CEO, Staples, Inc. This transaction will enable us to better serve our customers and to compete in an evolving marketplace. We will continue to... More
