FTC Rejects Staples-Office Depot Deal Without a Counteroffer

Staples Inc. will have to do more to smooth government opposition to its proposed takeover of Office Depot Inc. after the U.S. rejected its latest attempt to win antitrust approval.

Staples offered to transfer commercial contracts worth up to $1.25 billion, up from $500 million previously, but still failed to sway antitrust officials, the company said in a statement Monday.

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