{"id":13550,"date":"2015-12-23T09:31:34","date_gmt":"2015-12-23T14:31:34","guid":{"rendered":"http:\/\/postalemployeenetwork.com\/news\/?p=13550"},"modified":"2015-12-23T09:31:34","modified_gmt":"2015-12-23T14:31:34","slug":"video-ftc-rejects-staples-office-depot-merger-again","status":"publish","type":"post","link":"https:\/\/postalemployeenetwork.com\/news\/2015\/12\/23\/video-ftc-rejects-staples-office-depot-merger-again\/","title":{"rendered":"Video: FTC Rejects Staples-Office Depot Merger, Again"},"content":{"rendered":"

Staples said it will sue to push the deal.<\/em><\/strong><\/p>\n

Staples\u2019\u00a0<\/span>revised $5.5 billion bid to buy rival Office Depot was rejected by the U.S. Federal Trade Commission<\/a>, the company said on Monday, thwarting again its attempt to create a larger entity better able to contend with the major changes reshaping the office supplies market.<\/p>\n

Seeking to mollify the FTC\u2019s opposition to the deal, Staples had offered to sell off or give up $1.25 billion worth of commercial contracts, a bright spot in its otherwise pressured business. To no avail.<\/p>\n

Staples said the FTC, which earlier this month sued to block the deal, had not made a counteroffer but the retailer said it was nonetheless \u201cstill willing to continue negotiations\u201d with the agency to come up with an acceptable solution. But it also said it was pursuing the deal \u201cthrough litigation. \u201d An administrative trial on the deal is set to begin on May 10, 2016.<\/p>\n

Two weeks ago, the FTC said\u00a0<\/span>it would block the deal<\/a>, arguing that it would seriously curb competition for consumable office supplies sold to large business customers. More from Fortune<\/a><\/div>\n
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\"Stop<\/p>\n","protected":false},"excerpt":{"rendered":"

Staples said it will sue to push the deal. Staples\u2019\u00a0revised $5.5 billion bid to buy rival Office Depot was rejected by the U.S. Federal Trade Commission, the company said on Monday, thwarting again its attempt to create a larger entity better able to contend with the major changes reshaping the office supplies market. Seeking to […]<\/p>\n","protected":false},"author":1,"featured_media":9751,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,3],"tags":[],"class_list":["post-13550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","category-video-gallery","last_archivepost"],"_links":{"self":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/13550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/comments?post=13550"}],"version-history":[{"count":1,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/13550\/revisions"}],"predecessor-version":[{"id":13551,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/13550\/revisions\/13551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media\/9751"}],"wp:attachment":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media?parent=13550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/categories?post=13550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/tags?post=13550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}