Office supplies retailer Staples has agreed with the Federal Trade Commission to extend the review period for its $6.3 billion takeover of Office Depot.
The regulator will decide on the deal by Dec. 8, the companies said on Monday.
The extension follows EU regulators launching an investigation into the deal last month, warning that it could lead to price hikes.
Some analysts said they believed the extension was a positive sign.
“We…wonder if the FTC would bother agreeing to an extension if it was dead set on blocking the deal,” BB&T Capital Markets analyst Anthony Chukumba wrote in a note.
Staples first tried to buy Office Depot in 1996, but U.S. regulators blocked the transaction in 1997.
Full content: The Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI