1. Staples Drops After U.S. Moves to Challenge Office Depot Deal

    Staples Drops After U.S. Moves to Challenge Office Depot Deal

    The two companies agreed to the transaction following pressure from activist investor Starboard Value, which owns about 8 percent of Office Depot. Starboard had pressed the companies to combine to better weather competition from retailers including Target ...

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    1. The commission has reason to believe that the proposed merger between Staples and Office Depot is likely to eliminate beneficial competition that large companies rely on to reduce the costs of office supplies.
    2. Our decision highlights that yesterday's market dynamics may be very different from the market dynamics of today.
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