Staples (SPLS) and Office Depot (ODP) announced pl
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Posted On: 05/12/2016 4:51:58 AM
Staples (SPLS) and Office Depot (ODP) announced plans to terminate their merger agreement due to regulatory hurdles. The FTC had sought an injunction in a district court to block the deal. Staples, which must pay Office Depot a break-up fee of $250 million, also terminated an agreement to sell more than $550 million in large contract business and related assets to Essendant.
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