Report: FTC ready to block Staples, Office Depot deal

The Federal Trade Commission is poised to block Staples Inc.’s proposed take-over of rival Office Depot, according to the New York Post.

The newspaper reported that federal regulators are "leaning against the deal and are preparing to block it."

According to the report, the FTC is mostly concerned that a merger between the two office supply retailers will result in a single nationwide giant to serve big corporate and government clients.

The FTC has until Dec. 8 to decide whether to sue to halt the deal after extending its review.

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