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EU: Decision on Staples-Office Depot merger

By  |  November 12, 2015

Staples’ and Office Depot’s plan to merge will be put on hold until March as the European Union says it won’t complete its antitrust review until then.

The $6.3 billion dollar office-supply retail merger can’t close until it is cleared by regulatory authorities in the U.S., Europe and Canada.

The companies previously came to an agreement with the U.S. Federal Trade Commission that it would render a decision by Dec. 8.

Staples’ acquisition of Office Depot has been cleared by Australia, New Zealand and China.

Office Depot, which employs about 2,000 people at its headquarters in Boca Raton, had no comment Thursday on the delay, spokeswoman Karen Denning said. Staples didn’t immediately respond to a request for comment.

Full content: Reuters

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