WASHINGTON (AFN / BLOOMBERG) - The US antitrust authorities have given the green light for the merger of the suppliers of office products Office Depot and OfficeMax. That was announced Friday.
According to the US Federal Trade Commission, there remains sufficient competition from online vendors in the market for office supplies. hollywood lights Office Depot announced in February their intention to merge with OfficeMax and spent a takeover bid for its rival out of $ 1.17 billion (867 million euros). The merger will create a company with annual sales of approximately $ 18 billion and more than 2,100 branches. The transaction hollywood lights will be completed on November 5, according to the companies.
The leading provider of office supplies in the United States remains Staples with annual sales of over 24 billion dollars. In 1997 crossed the US authorities have blocked the planned acquisition of Office Depot by Staples.
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