FRAMINGHAM (dpa-AFX) - Staples, Inc. (SPLS) announced it has received approval from the European Union to acquire Office Depot on the condition that Staples divest Office Depot's European contract business and all of Office Depot's operations in Sweden. The companies have decided that they will also divest Office Depot's retail, online and catalog operations in Europe in connection with closing the transaction.
The merger is the subject of ongoing litigation with the U.S. FTC as well as the Canadian Competition Bureau.
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