@Staples ($SPLS) has agreed to buy @officedepot ($ODP), who recently acquired @OfficeMax, for an equity value of ~$6.3B. If this deal goes through, the US office-supply industry would become one single major chain with ~$39B in revenue and thousands of stores. While the deal will be scrutinized by the Federal Trade Commission (@FTC), the regulators have been more willing to approve retail mergers because of increasing competition from e-commerce. Staples believes acquiring Office Depot would help it expand into new product categories, cut costs, recognize ~$1B of synergies, and deal with a “rapidly evolving competitive environment.” - Link

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