We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Split FTC OKs $483M Staples-Essendant Deal With 'Firewall'

Law360 (January 28, 2019, 10:54 PM EST) -- Staples Inc. and Essendant Inc. can go forward with a proposed merger valued at almost $483 million after agreeing to include a “firewall” in the deal blocking Staples from accessing certain Essendant sales data, a divided Federal Trade Commission announced on Monday.

The FTC issued a complaint Monday alleging the purchase of Essendant, an Illinois-based workplace supply company, by Massachusetts-based Staples, which is owned by the private equity firm Sycamore Partners II LP, could give Staples an unfair competitive advantage if it is allowed access to Essendant sales data.

“As a result of the acquisition, Sycamore and Staples would have access...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!