The US FTC approves a merger in the office products market conditionally to behavioural remedies (Staples / Essendant)

FTC Approval of Staples-Essendant Merger Exposes Fault Lines on Merger Enforcement* The U.S. Federal Trade Commission’s (“FTC”) recent approval of Staples, Inc.’s acquisition of office supply wholesaler Essendant, Inc.—on a party-line three-to-two vote—reveals the agency’s divergent political views on merger enforcement and vertical transactions. On January 28, 2019, Republican Commissioners Simons (FTC Chair), Phillips and Wilson issued a joint statement in support of their votes to approve the merger with conditions. The debate was joined by Democratic Commissioners Chopra and Slaughter, who each issued dissenting statements. The settlement suggests that the FTC may be more receptive than the U.S. Department of Justice’s (DOJ) Antitrust Division to behavioral remedies to resolve

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  • Constantine Cannon (New York)

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Alex Cohen, The US FTC approves a merger in the office products market conditionally to behavioural remedies (Staples / Essendant), 28 January 2019, e-Competitions Bulletin January 2019, Art. N° 89283

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