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In 1996, Staples and Office Depot announced a merger. But the deal terminated for the following year after the FTC objected, saying that it would decrease competition for office products.
Staples proposes buying rival Office Depot for $2.1 billion ... The government had argued that the deal would give too much power to the combined company in the market for commercial office supplies.
On Wednesday, the office products retailer reported that its second-quarter earnings tumbled although they were in line with analysts' expectations. Shares of Staples rose 0.4%, or 11 cents, to ...
Staples’ main competitor, Office Depot , has had a turbulent past few months. At the end of June, the No. 2 U.S. office supplies retailer was the S&P 500’s second-best performing stock ...
Staples and Office Depot call off plans to merge after a federal judge granted a preliminary injunction requested by the FTC, which moved to stop their merger plans in December.
Staples said Friday it had sent a letter to the board of Office Depot outlining a $1 billion offer — or $18.27 a share — for its consumer business, which includes the Office Depot chain of ...
Hemmed in by the Federal Trade Commission, Staples continued its expansion online, launching Staples.com in 1998 and purchasing Quill Corp. - another office supply products competitor - for $690 ...
The ways office supplies are offered and consumed have evolved in the age of e-commerce and digital consumption, but office-supplies store operators, including Staples, have remained largely the same.
Staples Inc., struggling to sell office supplies in an increasingly digital world, is embarking on a new strategy to license its name and get more revenue from business services.
Staples is trying to salvage what now appears to be a doomed $6.3 billion merger with rival Office Depot by demonstrating to skeptical regulators that Amazon represents major competition. The ...
Staples' (SPLS) stock price has declined over 30% since its peak in the beginning of 2012, mainly driven by a flat domestic business and a steep demand drop out of Europe. The office supply sector ...
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