Dec 09, 2015
On Monday, the Federal Trade Commission (FTC) announced that they will attempt to block the acquisition of Office Depot, Inc. by Staples, Inc. Are you wondering what this means? Or, what has happened so far, and what will happen in the future?
Look no further! We’ve gathered the major milestones and decisions for you. Check out the information listed below to learn more about the acquisition process so far.
So, what will happen next? The FTC will file two different actions – a preliminary injunction in federal court and a complaint with an administrative law court. The purpose of filing the injunction/restraining order is to try to make sure that Staples and Office Depot do not close on the merger prior to the complaint being heard.
Both Staples and Office Depot announced on Monday that they will fight the FTC on the injunction/restraining order. The preliminary injunction order decision should take place around April 2016, and the FTC complaint (if needed) taking place later in May, 2016.
It’s business as usual at Corporate United, as we continue to deliver long-term savings and value through our office supplies program, including: