European Union antitrust regulators have extended their investigation into US office supplier Staples’ $6,3-billion bid for rival Office Depot by about three weeks to 2 March 2016, after the companies asked for more time.
According to a recent Wall Street Journal article, Staples is telling Wall Street it expects the deal to close by the end of the year. However, there are dozens of hedge fund managers who are not so sure.
Strengthening and extending its large-format printing offering to the South African channel, distributor Kolok has merged with Paper Plot, a provider of large-format digital media and printers. The move is a first in a strategic expansion phase of Kolok’s large-format printing and media division.