TheStreet's Jim Cramer said that a merger between Staples and Office Depot would be "something to cheer for" but that the deal would likely face regulatory hurdles.
Takes $9.1 billion offer directly to target's shareholders despite prior rejection on antitrust concerns.
Retailers that compete for back-to-school dollars are now facing intense competition from Amazon and discount stores. American Eagle, Staples, Best Buy and Sears are among those losing market share.
Markets were pleased with Office Depot's CEO pick as shares gained 3.8%. Should you be?