Staples Heads to Court in Bid to Save Office Depot Deal: ChartBy
Staples Inc. and Office Depot Inc. will face off against the U.S. Federal Trade Commission in court Monday to defend their rationale for combining the two companies in a deal now valued at about $5.2 billion. The U.S. District Court for the District of Columbia is being asked whether the FTC is focusing on an unrealistically small slice of the office-supply market. Despite a narrowing of the deal spread last week, investors remain unconvinced that the proposed acquisition will be approved.
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