{"id":152165,"date":"2021-01-12T00:47:12","date_gmt":"2021-01-11T21:47:12","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/staples-discloses-third-attempt-to-buy-rival-office-depot\/"},"modified":"2021-01-12T00:47:12","modified_gmt":"2021-01-11T21:47:12","slug":"staples-discloses-third-attempt-to-buy-rival-office-depot","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/staples-discloses-third-attempt-to-buy-rival-office-depot\/","title":{"rendered":"#Staples discloses third attempt to buy rival Office Depot"},"content":{"rendered":"

“#Staples discloses third attempt to buy rival Office Depot<\/strong>”
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Staples just made its latest takeover bid for Office Depot \u2014 and it\u2019s hoping the third time\u2019s a charm. <\/p>\n

The owner of the office-supplies giant said Monday it has offered $2.1 billion, $40 a share, for its longtime rival and could go hostile in March by making a tender offer if Office Depot refuses to engage in talks.<\/p>\n

Office Depot shares on Monday surged 19 percent to $44.14 on the surprise buyout offer. The retailer said in a statement its board of directors was reviewing the offer and will consider potential regulatory stumbling blocks to the deal, including antitrust challenges.<\/p>\n

Regulators twice before have successfully stopped Staples from acquiring Office Depot, each time for different reasons. In 1997, the Federal Trade Commission blocked a proposed merger on fears that the combined chains would hold a monopoly over the US office-supplies market. <\/p>\n

In 2016, the FTC blocked a second proposed deal, that time on fears that the two retailers would combine their lucrative business units that cater directly to companies, raising prices for corporate customers.<\/p>\n

At the time, the FTC had argued that Staples and Office Depot would control 70 percent of the business-to-business market, with the next largest competitor only less than five percent.<\/p>\n

On Monday, however, Staples signaled that it is willing to sell Office Depot\u2019s commercial-business unit to satisfy regulatory concerns. Meanwhile, it\u2019s expected to argue that its combined retail chains no longer pose a monopoly threat given the increased availability to toners and ink cartridges for consumers.<\/p>\n

Amazon likely has gained ground on Staples and Office Depot in the business-to-business market since the pandemic, since more people are working from home. But that should have little impact on this merger review, according to a DC antitrust attorney who spoke on the condition of anonymity. <\/p>\n

The attorney said the FTC is reviewing mergers now by looking at their market shares pre-pandemic, and not what has happ<\/a>ened in the last nine months<\/p>\n

Private equity firm Sycamore Partners \u2014 which has scooped up a slew of struggling retail chains in recent years, including Talbots, the Limited and most recently Ann Taylor \u2014 acquired Staples in 2017.<\/p>\n

Staples and Office Depot did not return calls seeking comment.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Staples discloses third attempt to buy rival Office Depot” Staples just made its latest takeover bid for Office Depot \u2014 and it\u2019s hoping the third time\u2019s a charm. The owner of the office-supplies giant said Monday it has offered $2.1 billion, $40 a share, for its longtime rival and could go hostile in March by…<\/p>\n","protected":false},"author":1,"featured_media":152166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/01\/office-depot-staples.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[89048,70584,89129,77954],"class_list":["post-152165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-11-21","tag-mergers-acquisitions","tag-office-depot","tag-staples"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/152165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=152165"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/152165\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/152166"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=152165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=152165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=152165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}