Feds Seek to Block Proposed Office Supplies Mega-Merger

What's Hot


The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

How a Mexican Tariff Will Boost the Cost of 6 Common PurchasesFamily

This Free Software Brings Old Laptops Back to LifeMore

How to Protect Yourself From the ‘Can You Hear Me?’ Phone ScamFamily

Report: Walmart to Begin Selling CarsCars

Where to Sell Your Stuff for Top DollarAround The House

Is Your TV Tracking You? Here’s How to Tell — and Prevent ItAround The House

11 Staging Tips to Help You Get Top Dollar When Selling Your HomeAround The House

8 Tuition-Free U.S. CollegesCollege

4 Car Insurers That Might Raise Rates Even When the Accident Wasn’t Your FaultCars

21 Restaurants Offering Free Food Right NowSaving Money

20 Simple Hacks to Make Your Stuff Last LongerAround The House

Trump Scraps FHA Rate Cut — What Does It Mean for You?Borrow

How to Invest If Trump Kills the ‘Fiduciary Rule’Grow

12 Surprising Ways to Wreck Your Credit ScoreBorrow

10 Overlooked Expenses That Ruin Your BudgetFamily

Find out why U.S. antitrust regulators are prepared to block Staples' acquisition of Office Depot.

Staples’ efforts to purchase rival Office Depot for $6.3 billion may be thwarted by the Federal Trade Commission.

The agency is poised to block the proposed union of the two largest commercial office suppliers in the United States amid pricing concerns. The merger will create a single nationwide office supply company to serve corporations and the government, The New York Post reports. Some estimates indicate that Staples and Office Depot handle all the office supply contracts for Fortune 1000 companies.

In what it called a win for consumers, U.S. regulators successfully blocked Staples’ first attempt to buy Office Depot in 1997 citing similar concerns about the merger hurting competition and violating federal antitrust laws.

The Post reports that the FTC’s four-person panel is split on its decision. Staples has offered some concessions to ease regulators’ concerns, including an offer to sell its commercial supply business to competitor Essendant.

“Nevertheless, it does not turn Essendant into a nationwide supplier to rival a combined Staples-Office Depot,” the Post said.

The Staples-Office Depot merger is also being investigated by European regulators.

The FTC has until Dec. 8 to issue a decision on the office supply mega-merger. The agency can also choose to extend its review in an effort to get more concessions from Staples.

What do you think of the office supply giants’ efforts to join forces? Share your comments below or on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 25 Ways to Spend Less on Food

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,893 more deals!