Staples, Office Depot say FTC opposition to deal 'simply wrong'

March 18, 2016 12:57 PM

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Staples, Office Depot say FTC opposition to deal 'simply wrong'

Staples Inc (SPLS.O) said the U.S. Federal Trade Commission's opposition to its $6.3 billion acquisition of Office Depot Inc (ODP.O) was "simply wrong" and that it did not take into account increasing competition from online retailers.

The FTC filed a lawsuit in December to block the deal. Hearing on the lawsuit starts on Monday in the U.S. District Court for the District of Columbia.

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