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US: FTC questions Office Depot-Staples merger

By  |  March 31, 2015

On March 30, 2015, Staples and Office Depot each received a request for additional information and documentary material, often referred to as a “second request,” from the Federal Trade Commission in connection with the proposed acquisition of Office Depot by the Company. The second request was issued under the notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

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    The effect of the second request is to extend the waiting period imposed by the HSR Act until 30 days after the Company and Office Depot have substantially complied with this request, unless that period is extended voluntarily by the parties or terminated sooner by the FTC.

    The Company and Office Depot intend to cooperate fully with this request.

     

    Full Content: The Wall Street Journal

     

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