KeyBanc Remains Optimistic on Staples (SPLS)/Office Depot (ODP) Deal Despite Delays
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FTC review date for Staples-Office Depot deal extended
October 12, 2015 8:16 AM EDTBy Yashaswini Swamynathan
(Reuters) - Office supplies retailer Staples Inc (NASDAQ: SPLS) has agreed with the Federal Trade Commission to extend the review period for its $6.3 billion takeover of Office Depot Inc (NASDAQ: ODP).
The regulator will decide on the deal by Dec. 8, the companies said on Monday.
The extension follows EU regulators launching an investigation into the deal last month, warning that it could lead to price hikes.
Some analysts said they believed the extension was a positive sign.
... MoreStaples (SPLS), Office Depot Agree to Extension of FTC Review Period
October 12, 2015 8:06 AM EDTStaples (NASDAQ: SPLS) and Office Depot (Nasdaq: ODP) announced that they have mutually agreed with the Federal Trade Commission to extend the review period for the Office Depot acquisition. Under the terms of the agreement, the FTC has agreed... More
