Hopes of Staples/Office Depot merger fade

The Federal Trade Commission will not be changing its position on the acquisition of Office Depot by Staples, according to a report in the New York Post.

According the Post, three sources on different sides of the case said that the FTC have no interest in settling with Staples on the current terms.

One source says that “Staples and the judge want a settlement. The government does not want one,” adding that “the odds of a settlement are near zero.”

Source: www.office-times.com