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Staples and Office Depot drop merger plan after court blocks it
Judge rules that two giants' tie-up would create just one dominant office supplies retailer and impair competition
Add BT as a preferred sourcePublished Wed, May 11, 2016 · 09:50 PM
New York
A FEDERAL judge on Tuesday blocked a US$6.3 billion proposed merger of Staples and Office Depot, dashing another huge US deal and handing the Obama administration one more antitrust victory.
The decision is a setback for the beleaguered retailers, which have each endured years of slumping sales and increased competition from Amazon and other rivals.
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