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Staples And Office Depot To Fight F.T.C. Merger Challenge

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4 Staples and Office Depot, which was challenged by the FTC and eventually withdrawn. In addition to a time-series regression, we also look at the effect of the merger in specific event windows. Study with Quizlet and memorize flashcards containing terms like a trust, fiduciary responsibility, In April 2000, former executives from four large firms pled guilty to the largest price fixing scheme in US history. What did they conspire to fix the price of? and more.

Staples offered to buy the parent of Office Depot in a deal valuing the company at $2.1 billion, the latest attempt to consolidate the office-products space to better compete against online retailers. On February 4, 2015, Staples and Office Depot entered into a definitive merger agreement to combine as a single company. The combined company will be better positioned to provide value to customers, and compete against a large and diverse set of competitors.

Staples offers to buy Office Depot for $2.1 billion

3 Big Reasons Staples Shouldn't Merge With Office Depot - TheStreet

I. INTRODUCTION The recent challenge to Staples, Inc.’s (“Staples”) acquisition of Office Depot, Inc. (“Office Depot”) brought to the forefront several key aspects of antitrust merger analysis. In suing to block the deal, the Federal Trade Commission (“FTC”), together with the District of Columbia and Commonwealth of Pennsylvania (collectively, “Plaintiffs”), alleged that the Staples and Office Depot became the latest companies to abandon plans for a merger after facing scrutiny on antitrust grounds.

Merger talks between Staples and Office Depot in the late 1990s collapsed despite the two offering to sell 63 of their stores to then-independent Staples and Office Depot are scrapping their planned $6.3 billion merger after a federal judge blocked the deal, saying the government had made the case that the combination would likely hurt competition in office supplies.

FTC Blocks Staples’ Acquisition of Office Depot In yet another example of the Obama Administration’s continued vigorous enforcement of the antitrust laws, the Federal Trade Commission successfully sued and ultimately blocked the 18/ [ ] (warehouse clubs stores offer very limited line of office supplies compared to superstores); [ ] (office superstores offer much wider breadth of product compared to [ ] does not offer full range of items, variety, convenience, and focus on office supplies as do the superstores); [ ] [ ] has different customers, lacks breadth of product Introduction The proposed combination of Staples and Office Depot presents the Federal Trade Commission (FTC) with a host of merger review challenges. The transaction follows closely on the heels of the Office Depot/OfficeMax merger in 2013 and would complete a rapid 3-1 consolidation of the office supply superstore (OSS) market. Both retail and business-to-business customers

Staff authorized to file a motion for a preliminary injunction to block the proposed acquisition of Office Depot, 1nc. on grounds that the $4 billion acquisition would allow the combined firm to control prices for the sale of office supplies in numerous metropolitan areas in the United States. On June 30, 1997, the U.S. District Court for the District of Columbia granted A federal judge last week killed a proposed $6.3 billion merger between office supply giants Staples and Office Depot, and how he has released his opinion explaining why. On Friday, Staples made a fourth attempt to acquire ODP, home to the combined Office Depot and Office Max, via a billion dollar offer for the

The merging parties’ primary argument that the merger would not have anticompetitive effects was that the digital threat of Amazon Business would provide increased competition. Staples and Office Depot likened their fate to brick-and-mortar companies that had failed, such as Circuit City and Blockbuster.

Ill-Fated Strategy in Staples-Office Depot Deal In a challenge to the planned merger of the two retail giants, the defense rested without presenting evidence, a strategy that appeared to backfire. The parent company of office supplies retailer and business IT services provider Staples Monday unveiled a plan to acquire rival Office Depot in a $2.1 billion deal that proposes the eventual

Get FTC v. Staples, Inc. and Office Depot, Inc., 190 F. Supp. 3d 100 (2016), United States District Court for the District of Columbia, case facts, key issues, and holdings and reasonings online today. Written and curated by real attorneys at Quimbee.

Chapter 13: Problem 12 In the United States, the Federal Trade Commission (FTC) is charged with promoting competition and challenging mergers that would likely lead to higher prices. Several years ago, Staples and Office Depot, two of the largest office supply superstores, announced their agreement to merge. a. Econometric evidence played an important part in the litigation of the Federal Trade Commission’s (FTC’s) successful challenge to the proposed merger of Staples and Office Depot. In this article, t NEW YORK (AP) — The Federal Trade Commission said Monday that it is seeking to block the proposed combination of Staples and Office Depot because the deal would reduce competition in the office supplies market.

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More than a year after Staples agreed to acquire Office Depot, a U.S. District Court Judge on Tuesday granted the Federal Trade Commission’s NEW YORK (AP) — Office Depot shareholders voted overwhelmingly in favor of the company’s $6.3 billion acquisition by one-time rival Staples.

This merger was announced on February 4 th and would combine Staples, which is the #1 seller by volume of office supplies in the US with #2, Office Depot. As a local consumer you may be wondering what this merger could mean to you and the prices that you can expect when shopping for office supplies. To help ramp up expansion efforts, the company agreed to buy 124 former Kids „R“ Us stores from Toys „R“ Us, Inc. for $197 million in cash. The deal was later reduced to 109 stores, and Office Depot planned to resell or sublet about half of the total, but 45 to 50 of the stores were to be converted to the Office Depot format.

FRAMINGHAM, Mass. & BOCA RATON, Fla. — (BUSINESS WIRE)–Dec. 7, 2015– Staples, Inc. (Nasdaq: SPLS) and Office Depot, Inc. (Nasdaq: ODP) today announced that they intend to contest the U.S. Federal Trade Commission’s decision to challenge the merger of the two companies. The companies were informed of the FTC’s decision earlier today.

Staples) – Free download as PDF File (.pdf), Text File (.txt) or read online for free. 1) The proposed merger between Staples and Office Depot would combine the two largest office supply superstore chains in the US, raising concerns that it could lead to higher prices for consumers.

Econometric evidence played an important part in the litigation of the Federal Trade Commission’s (FTC’s) successful challenge to the proposed merger of Staples and Office Depot. In this article, t

Staples Inc. and Office Depot Inc. vowed to fight a U.S. challenge to their proposed merger, a move that will enmesh the companies in a protracted legal battle with no guarantee of success. A federal judge on Tuesday blocked the planned merger of rivals Staples and Office Depot because of antitrust concerns, prompting the office After nearly 2 decades of decline, what’s next for office supplies stores? Home offices are booming. The retailers that specialize in stocking them are not.

Abstract Investors in financial markets bet their dollars on whether a merger will raise or lower prices. Below, we apply an event-probability methodology to the proposed merger between Staples and Office Depot, which was challenged by the FTC and eventually withdrawn. The landscape is changing When Staples (SPLS) and Office Depot (ODP) first attempted to merge in 1997, the office superstore concept was still relatively new, and Internet shopping was in its infancy.

Staples isn’t giving up its quest for Office Depot. Staples said Friday it had sent a letter to the board of Office Depot outlining a $1 billion offer — or $18.27 a share — for its consumer

The deal Staples to acquire Office Depot for $6.3 billion (cash and stock) Announced February 4, 2015 Take 2: Parties attempted to merge in 1997. The FTC challenged the deal and obtained a Section 13(b) preliminary injunction and the parties subsequently abandoned the deal. Total transaction value: $6.3 billion (cash + stock) Staples was emboldened to offer to buy Office Depot, based in Boca Raton, Florida, after the smaller chain succeeded in buying No. 3 OfficeMax in November 2013 with no divestitures.