Staples, FTC Agree to Extend Review Period for Office Depot Takeover

Staples Inc. has agreed with the Federal Trade Commission (FTC) to extend the review period for its takeover of Office Depot Inc., according to Reuters.

Some analysts believe that the delay is a positive sign for Staples Inc. After a previous, and unsuccessful, attempt to buy Office Depot Inc. in 1996, U.S. regulators blocked the transaction in 1997.