$1.2B OfficeMax-Office Depot Merger Wins FTC Approval

Law360, New York (November 1, 2013, 1:26 PM EDT) -- The Federal Trade Commission has decided to allow Office Depot Inc.'s $1.2 billion merger with OfficeMax Inc. after concluding that the office supply superstores faced considerable competition from other retailers both online and off, the antitrust watchdog said Friday.

The commission voted unanimously to close its seven-month investigation into the deal between the second and third largest office supply superstores in the country, saying conditions had changed considerably since it successfully challenged a similar deal between Staples Inc. and Office Depot in 1997.

Among other changes,...
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