ths announced they have agreed with the Federal Trade Commission to extend the Hart-Scott-Rodino waiting period from March 5 to March 13, 1997. Staples, Inc. and Office Depot, Inc., pioneers of the office products superstore industry in 1986, signed a definitive agreement last September to merge into a single company pending regulatory and shareholder approval. Staples, Inc. currently operates 574 office products superstores in over 100 markets across the US and in Canada under the names "Staples", "Staples Express", "Business Depot" and "Bureau En Gros". The company operates a delivery business, "Staples Direct" and also has contract stationer operations under the names "Staples Business Advantage" and "Staples National Advantage" which serve the needs of large regional and national corporations, respectively. Staples recently announced it had signed a definitive agreement to acquire from Kingfisher PLC in London its interests in the company's two European joint ventures -- Staples UK and Maxi-Papier Germany. Office Depot currently operates 572 stores in North America. In the US, this includes 526 office products superstores, one "Office Depot Express", four "Images" locations and five "Furniture At Work" stores. In Canada, Office Depot operates 36 superstores under the names "Office Depot" and "Office Place". Office Depot also operates a national business-to-business delivery network that includes 23 customer service centers and three national Telecenters, in addition to joint ventures or licensed operations in Mexico, Israel, Poland, Thailand, France, Colombia and Japan.
AND OFFICE DEPOT, INC. (NYSE:ODP) TODAY
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