FTC Takes Closer Look At $1.2B Office Depot-OfficeMax Deal

Law360, New York (April 9, 2013, 2:30 PM EDT) -- The Federal Trade Commission has asked Office Depot Inc. and OfficeMax Inc. for more information in an antitrust review of the office supply retailers' proposed $1.2 billion merger, the companies said Tuesday.

Office Depot and OfficeMax confirmed that the FTC has issued requests for additional information to both companies in connection with a review of the proposed transaction, a move that extends the waiting period for the two office supply retailers to close the deal, according to a joint statement issued by the companies.

“The parties...
To view the full article, register now.