Newsclip®: [Business] Staples’ deal for Office Depot falls apart | New York Post

"Staples’ top hired gun took a risky $6 billion shot that badly backfired and killed its deal for rival Office Depot. During the legal showdown with government regulators suing to block the $6.3 billion deal, Staples’ trial lawyer Diane Sullivan told the judge that the agency had failed to meet the burden for blocking the merger and declined to present evidence in support of the merger. Washington federal Judge Emmet Sullivan halted the deal on Tuesday, a victory for the Federal Trade Commission, which had argued that combining the two biggest US office suppliers would harm customers. “After considering the extensive record and the parties’ legal arguments, the court finds that plaintiffs have met their burden of showing that there is a reasonable probability that the proposed merger will substantially impair competition in the", nypost.com


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