Boca Raton, Fla. - The Federal Trade Commission (FTC) is reportedly set to approve the proposed merger between Office Depot and OfficeMax after concluding it will not significantly affect competition in the office retailing space. According to multiple press reports, the deal will go through without either company having to divest any holdings.
Office Depot and OfficeMax initially announced their proposed merger in February of this year. The all-stock deal worth about $976 million will combine the second- and third-largest office retailers in the U.S. Neither company has publicly commented on the reports.