FTC may not necessarily oppose Staples-Office Depot merger, says Robert Brighton, Jr.

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office depotEarlier this year, Staples announced its agreement to acquire the Boca Raton-based Office Depot for $6.3 billion. The Federal Trade Commission is set to make their decision tomorrow concerning the proposed acquisition, potentially ending 10 months of uncertainty over its regulatory decision.

Robert Brighton, Jr., a partner in our Ft. Lauderdale office, has been following the potential merger and has been repeatedly sought for his opinion on the acquisition. In the latest Sun Sentinel article on the merger, Brighton comments that the FTC "doesn't necessarily want to stop the merger - they just want to address concerns."

These concerns include considerations about eliminating a large competitive player in the industry, potentially raising prices for consumers. In addition, Staples is based in Massachusetts, while Office Depot's headquarters is in Boca Raton. This could implicate cutting jobs in order to cut costs.

Although not mentioned in the article, Brighton adds that Office Depot received millions in state and local tax incentives just over a year ago to keep its corporate facility in its current location.

To read the latest Sun Sentinel article on the merger, click here.

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