Thursday, April 19, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
SpaceX Successfully Launches NASA's TESS Spacecraft
LG SmartThinQ Home Appliances Get Amazon Alexa Connectivity
Huawei Announces New Honor 10 Flagship Smartphone
Garmin Announces Connect IQ 3.0 with New apps from Trailforks, Yelp, iHeartRadio
Intel Open Sources the nGraph Compiler for Deep Learning Systems
Facebook Seeking to Hire Chip Designers
Regulatory Filing Hints at New iPhones
Western Digital Pushes Conventional Magnetic Hard Disk Tech to its Limits in New 14TB Ultrastar DC HC530
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Digital Cameras > Europe ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, September 25, 2015
Europe To Investigate Staples' Proposed Takeover of Office Depot


The European Commission (EC) will investigate the acquisition of office supplies distributor Office Depot by its competitor Staples.

The Commission has concerns that the takeover could lead to price increases and less choice.

Both Staples and Office Depot are active in the distribution of office products via a number of sales channels, including wholesale, retail, direct sales (online and catalogue) and national or international supply contracts. The commission’s preliminary investigation indicated potential competition concerns in the market for the supply of office products to business customers through international contracts in the European Economic Area (EEA), as well as in the market for the supply of office products to business customers through national contracts in the Netherlands and Sweden. The customers of office supplies include companies in the private sector and public administrations.

Commissioner Margrethe Vestager, in charge of competition policy, commented: "All companies and organisations, big or small, need office supplies for their daily work. We are opening this in-depth investigation to make sure that the merger of two of the main suppliers of office products will not have a negative effect on competition."

The Commission's says that the transaction could eliminate an important competitor and reduce the choice of suitable suppliers in already concentrated markets, which could lead to price increases.

The preliminary investigation has also indicated possible competition concerns with regard to the wholesale of office products in Sweden, where the merging parties appears to have no significant competitors offering a wide portfolio of products.

The Commission now has 90 working days, until 10 February 2016, to take a final decision.



Previous
Next
FTC To Probe Google Over Android: report        All News        New iPhones Hit Stores
GoPro HERO+ Camera Costs $200     Digital Cameras News      Sony Adds Uncompressed 14-Bit RAW Still Image Capture for New α Cameras

Get RSS feed Easy Print E-Mail this Message

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .