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Staples/Office Depot deal awaits FTC action
Office Depot shareholders approved of the company’s acquisition by Staples in a vote that will prove to be largely symbolic if federal regulators determine a deal involving two direct competitors is not in the best interest of consumers.
Office Depot agreed to be acquired by Staples on Feb. 4 and on June 19 a preliminary vote total showed that 99.5% of shareholders approved of a deal that involves them receiving $7.25 in cash and 0.2188 of Staples stock for each share of Office Depot stock.
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NRF urges Senate to pass TPA bill
The National Retail Federation is urging the Senate to quickly consider the stand-alone Trade Promotion Authority bill so that it can move to the president’s desk for his signature.
NRF issued the following statement from Senior Vice President for Government Relations David French:

