... has be gaining a foothold in the office supply industry. Once the merger is completed, the new, yet to be named entity will be the “largest” office supply company in the US with 2,000 brick and mortar stores compared to the 1900 stores owned by Staples. Interestingly enough, the combined sales revenue from both only accounts for about 70% of Staples reported earnings. If you jump back in time to 1997, a similar proposed merger between Office Depot and Staples was blocked by the Federal Trade Commission with a decision that was loosely based in popular anti-trust rhetoric of that time. Since the current merger isn’t completed, it’s possible that the FTC will take some action against this merger as well. Here are some other resources with information about the proposed merger: Office Depot, OfficeMax to merge – CBS News Office Depot, OfficeMax merger is about survival OfficeMax, Office Depot Talk Merger – Struggling firms seek boost against, you ...
