Office supplies retailer Staples has agreed with the Federal Trade Commission to extend the review period for its $6.3 billion takeover of Office Depot.
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.
“We…wonder if the FTC would bother agreeing to an extension if it was dead set on blocking the deal,” BB&T Capital Markets analyst Anthony Chukumba wrote in a note.
Staples first tried to buy Office Depot in 1996, but U.S. regulators blocked the transaction in 1997.
Full content: The Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI