HALISTER: Office Depot to Terminate Staples Deal Effective May 16

Office Depot to Terminate Staples Deal Effective May 16

(Bloomberg) -- Office Depot says it doesn’t plan to appeal court’s decision and plans to terminate merger agreement with Staples effective May 16.
  • Plans to hold call on May 16 to discuss next steps; says committed to delivering “our 2016 Critical Priorities”
  • NOTE: Earlier, Staples-Office Depot Merger Blocked by Judge as Anticompetitive
Link to Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
ODP US (Office Depot Inc)
SPLS US (Staples Inc)

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