NEW YORK ( The Deal) -- The Federal Trade Commission appears to have accepted Office Depot's (ODP - Get Report) argument that the company faces stiff competition in the office supply market from both general and online retailers, eliminating any regulatory roadblock to the company's pending $1.2 billion acquisition of rival OfficeMax (OMX).The transaction would leave only Office Depot and Staples (SPLS - Get Report) as big box office supply retailers, but they face competition not only from traditional rivals like stationers and direct distributors but now from superstores such as Wal-Mart Stores (WMT - Get Report) and Target (TGT - Get Report) as well as online retailing giants such as Amazon (AMZN).
FTC Approval of OfficeMax Deal Appears Certain
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