Staples, Office Depot to extend merger agreement

Staples and Office Depot announced they will waive their merger agreement termination date of Feb. 4 and extend it to May 16.

An FTC lawsuit opposing the merger is set to go to trial on May 10. The merger extension, announced Wednesday, allows the litigation against Staples and Office Depot to be completed, the companies said in a joint news release. The companies said they are working to extend financing terms for the $6.3 billion transaction.

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This story was originally published January 20, 2016 at 5:09 PM with the headline "Staples, Office Depot to extend merger agreement."