A PYMNTS Company

US: Staples and Office Depot in merger talks

By  |  February 3, 2015

Staples and Office Depot reportedly are talking about becoming one single company.

The two office supply chains are in “advanced talks to combine,” the Wall Street Journal said Tuesday Combined, the two companies own around 4,000 stores and see annual sales of more than $35 billion.

This wouldn’t mark the first time the two companies have tried to become one.

In 1997, the two attempted a merger, which was stifled by antitrust regulators. In 2013, Office Depot received unanimous approval from the Federal Trade Commission to acquire OfficeMax.

The combination of Staples and Office Depot would likely get a close look from antitrust regulators, the Journal said.

 

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.