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Competition Bureau scratches Staples-Office Depot battle off to-do-list

Competition Bureau scratches Staples-Office Depot battle off to-do-list | iNFOnews.ca
This combination made with 2009 file photos shows signage for a Staples store in Springfield, Ill., top, and an Office Depot store in Miami Springs, Fla. Canada's competition commissioner has dropped its challenge of a proposed merger between Staples and Office Depot, which was scrapped last week by the two U.S. multinational companies after an American judge blocked the plan. Both Canada's Competition Bureau and the U.S. Federal Trade Commission had challenged the proposal, arguing it would harm competition in the office products business. THE CANADIAN PRESS/AP, Seth Perlman, Alan Diaz

OTTAWA – Canada’s competition commissioner has dropped its challenge of a proposed merger between Staples and Office Depot, which was scrapped last week by the two U.S. multinational companies after an American judge blocked the plan.

Both Canada’s Competition Bureau and the U.S. Federal Trade Commission had challenged the proposal, arguing it would harm competition in the office products business.

U.S. district judge Emmet Sullivan ruled on May 10 that the FTC had demonstrated that the merger would “substantially impair” competition as a supplier to large business customers.

Staples and Office Depot said they wouldn’t appeal the ruling and they dropped the merger plan the same day.

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The Canadian Press

The Canadian Press is Canada's trusted news source and leader in providing real-time, bilingual multimedia stories across print, broadcast and digital platforms.

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