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FTC Shoots Down Staples’ Efforts To Purchase Office Depot

Efforts by Staples to acquire Office Depot have run into obstacles from the Federal Trade Commission (FTC), which has shot down the latest counteroffer made by Staples that attempted to resolve antitrust issues associated with the acquisition, according to Bloomberg.

Earlier this fall, the FTC, Staples and Office Depot agreed to extend the review period for the proposed acquisition.

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