Inc. and Office Depot Inc. recently announced they have certified substantial compliance with the Request for Additional Information (the “Second Request”) from the United States Federal Trade Commission (“FTC”) regarding the proposed merger between Staples and Office Depot.
Additionally, Staples and Office Depot have entered into a timing agreement with the FTC, pursuant to which Staples and Office Depot have agreed not to close the proposed merger until at least 45 full calendar days after each company has certified substantial compliance with the Second Request.
“We are pleased to have completed our submission of documents and information to the FTC in connection with the Second Request,” says Ron Sargent, chairman and CEO of Staples. “We will continue to work closely with the FTC, and we look forward to completing the transaction.”
“I want to thank our teams for their hard work over the past five months gathering and delivering to the FTC a massive amount of information to complete the Second Request,” says Roland Smith, chairman and CEO of Office Depot.