Staples Purchases Office Depot for $6.3 Billion
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Staples has given itself an out if the FTC approval process becomes too difficult, according to The New York Times. Staples has agreed to sell off up to $1.25 billion worth of Office Depot's sales, but if the government wants that number to be higher, Staples can walk away from the deal.
Staples also has agreed to a $250 million termination fee if the deal is denied based on antitrust grounds, according to The Washington Times.
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Amanda L. Cole
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Amanda L. Cole is the editor-in-chief of NonProfit PRO. She was formerly editor-in-chief of special projects for NonProfit PRO's sister publication, Promo Marketing. Contact her at acole@napco.com.
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