Shares in office supply companies fall after Federal Trade Commission comes out against deal, which it says would reduce competition
US regulators moved to block the proposed combination of Staples and Office Depot on Monday because the deal would reduce competition in the office supplies market. The companies say they plan to fight to preserve the deal.
Shares of the two office supply retailers fell sharply after the Federal Trade Commission (FTC) announced its decision.
Related: Value of mergers and acquistions hits all-time high with coffee deal
Continue reading...from Mergers and acquisitions | The Guardian http://ift.tt/1OLSYtt
No comments:
Post a Comment