Breaking News Bar
updated: 11/1/2013 10:08 AM

Office Depot, OfficeMax get FTC clearance for deal

hello
Success - Article sent! close
  • The proposed merger of Office Depot and Naperville-based OfficeMax has received clearance from the Federal Trade Commission, removing a key regulatory hurdle from the process.

      The proposed merger of Office Depot and Naperville-based OfficeMax has received clearance from the Federal Trade Commission, removing a key regulatory hurdle from the process.
    Daily Herald File Photo

 
Associated Press

The proposed merger of Office Depot and Naperville-based OfficeMax has received clearance from the Federal Trade Commission, removing a key regulatory hurdle from the process.

The office supply companies agreed to a $1.2 billion combination in February. The agency said its seven-month investigation showed that the combination isn't likely to cause competitive harm.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

The companies said Friday that they expect the transaction to close on Tuesday.

Office Depot Inc., based in Boca Raton, Fla., runs more than 1,300 stores worldwide. OfficeMax operates more than 900 stores in the U.S. and Mexico.

They each anticipate reporting their third-quarter earnings on Monday.

Office Depot's stock gained 21 cents, or 3.8 percent, to $5.80 in morning trading. Shares of OfficeMax rose 64 cents, or 4.3 percent, to $15.62.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here