The US District Court for the District of Columbia grants the Federal Trade Commission’s request for a preliminary injunction halting a merger in the office supply superstores sector (Staples / Office Depot)

On May 10, 2016, Judge Emmet G. Sullivan of the U.S. District Court for the District of Columbia released his highly anticipated decision in the matter of Staples’ acquisition of Office Depot, granting the Federal Trade Commission’s (FTC) request for a preliminary injunction and effectively bringing the $6.3 billion deal to an end. Both parties to the transaction announced their intention to abandon the deal shortly after the ruling was issued. Judge Sullivan’s decision (the opinion has not yet been released to the public) marks the latest chapter of an 18-year standoff between the FTC and the office supply superstores (OSS). Staples

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Authors

  • Skadden, Arps, Slate, Meagher & Flom (New York)
  • Skadden, Arps, Slate, Meagher & Flom (New York)
  • Skadden, Arps, Slate, Meagher & Flom (New York)

Quotation

Clifford H. Aronson, Matthew P. Hendrickson, Maria Raptis, The US District Court for the District of Columbia grants the Federal Trade Commission’s request for a preliminary injunction halting a merger in the office supply superstores sector (Staples / Office Depot), 12 May 2016, e-Competitions Bulletin May 2016, Art. N° 79814

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