|Staples and Office Depot Issue Open Letter to Customers|
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160318005089/en/
To Our Valued Customers,
Our commitment to this merger has not changed. The transaction is good for customers of all sizes. The combined company will be positioned to better serve the changing needs of business customers and compete more effectively against a large and diverse set of competitors.
The FTC’s actions to stop this transaction are based on a flawed
analysis of the marketplace and a deep misunderstanding of the
competitive landscape. The FTC has cherry picked a few facts to fit its
narrative and support its case. In making its case, the FTC refuses to
even acknowledge the rise of new competitors, such as
The government is concerned with protecting the 100 largest companies in
Based on the FTC’s own view of the market more than 99 percent of our commercial customers will be, at worst, unaffected by the merger. In reality, these customers and all others will benefit directly from the merger’s cost savings and resulting lower prices.
Still, the FTC continues to act against the best interests of the hundreds of thousands of business customers, and millions of everyday consumers who will benefit from the acquisition. The FTC also ignores the millions of products beyond office supplies that customers purchase, everything from cleaning supplies to breakroom snacks to furniture and technology.
The acquisition has been approved in
To try to meet the government’s requirements,
The FTC is simply wrong. The combination of
This has been a long and frustrating road, but we look forward to a fair and impartial hearing.