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Office supplies retailer Staples Inc. delayed its planned merger with rival Office Depot Inc. on Wednesday as federal regulators continue their effort to block the deal. The boards of both companies said they will extend their merger agreement, which was set to expire Feb. 4, more than three months to May 16. The extension will allow ongoing federal court litigation to conclude, the companies said in a joint statement.
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- Companies:
- Office Depot
- Staples
- People:
- Ron Sargent
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