Staples Executives Say Office Depot Deal Is on Track

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    • Jan 2009
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    Staples Executives Say Office Depot Deal Is on Track

    "Staples Inc. said its plans to take over competitor Office Depot Inc. remain on schedule," reports the Wall Street Journal , "despite regulators' recent opposition to consolidation in other industries." The update came as the office-supply chain reported that its fiscal second-quarter profit dipped 56 percent from the same period a year ago, stung by lower foot traffic at stores and dwindling sales of such office basics as printer ink and toner.


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