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How Will Staples (SPLS) Stock React to Possible Assets Sale?

NEW YORK (TheStreet) -- Staples (SPLS - Get Report) is considering the sale of assets to lessen antitrust concern about its proposed acquisition of Office Depot (ODP), sources told Bloomberg.

For roughly eight months, the U.S. Federal Trade Commission has been reviewing the proposed merger of the two biggest office supply companies to determine whether the deal will impact competition and raise prices for corporate customers who buy under contract, Bloomberg reports.

Staples has said it will go ahead with the assets sale only if necessary for the merger to win the antitrust review, according to Bloomberg.

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"It looks to us like the deal will go through with some concessions," Oliver Wintermantel at Evercore ISI told Bloomberg. "Staples may need to get rid of Office Max or close distribution centers."

Shares of the office supply company are up by 0.32% to $12.59 in midday trading on Thursday.

Separately, TheStreet Ratings...


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