Staples
Staples Inc. shook up its management ranks and vowed to make the company more efficient, saying it may need to compete without its proposed Office Depot Inc. merger, a beleaguered deal that hasn’t won antitrust approval. Demos Parneros, Staples’ president of North American stores and its online business, will step down by March 31, the company…
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…
Staples offered to give up $1.25 billion in commercial contracts to acquire Office Depot, but federal regulators have rejected it, the company said Monday. The Federal Trade Commission, which is suing to stop the $6.3 billion merger, declined comment on Staples’ claim. Staples said it will continue its court fight to acquire its competitor headquartered…
Staples Inc. needs a Plan B as federal regulators move to block its merger with rival Office Depot Inc., analysts said Tuesday. But whatever that plan turns out to be, it won’t be as simple as pressing the big, red “Easy” button that once dominated Staples’ advertising. Staples’ next step — assuming its challenge to…
The Federal Trade Commission has taken the first step toward blocking the proposed $6.3 billion merger of Staples and Office Depot, saying the deal would hurt competition in the market for office supplies sold to large corporations. The commission filed an administrative complaint charging that the merger between Massachusetts-based Staples, the world's largest seller of…
Staples Inc. is ready to offer additional concessions to resolve U.S. antitrust concerns that its proposed takeover of Office Depot Inc. — which would leave one national office-supply chain — would threaten competition, according to two people familiar with the matter. Representatives from Staples and Office Depot are meeting this week with Federal Trade Commission…
Federal regulators scrutinizing Staples’ $6 billion-plus bid to buy rival Office Depot are leaning against the deal and are preparing to block it, The Post has learned. Regulators are wary of a tie-up that will result in a single nationwide office supply giant to serve big corporate and government clients, two sources said. The Federal Trade Commission…
Once upon a time, Black Friday shopping actually took place on Friday. In recent years, retailers have pushed the envelope by offering deals as early as Nov. 2, allowing consumers to start shopping ahead of the official holiday season kickoff. Many have even kept their doors open on Thanksgiving Day to the dismay of retail…
Staples may need to “Make More Happen” to resolve antitrust concerns about its proposed takeover of closest rival Office Depot. Several of Staples’ big corporate customers have told government regulators in recent days that they aren’t satisfied with the company’s proposed asset sales to win regulatory approval, The Post has learned.
The odds of Staples gaining regulatory clearance for its $6.3 billion purchase of rival Office Depot have improved greatly, according to a confidential report on Monday. The Federal Trade Commission (FTC) met last Friday with a large corporate customer of Staples to discuss an antitrust remedy to get the deal done, according to the report issued…