Office Depot and Staples CEOs to Testify Before FTC

Office Depot Corporate Headquarters 56fadd46b3002

Office Depot CEO Roland Smith and Staples CEO Ron Sargent will testify this week in the Federal Trade Commission’s (FTC’s)court challenge to Staples' $6.3 billion acquisition of Office Depot.

Shira Goodman, president of North American Operations for Staples, is also expected to testify.

Staples and Office Depot are in a struggle to complete the acquisition that Office Depot shareholders approved in May 2015. The FTC is opposed to the the merger, saying it will harm competition and drive up prices.

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Testimony from the Staples-Office Depot case is available here: