Staples merger with Grand & Toy owner Office Depot rejected by Canadian, U.S. regulators

Canada's competition regulator is moving to block a merger between the country's two biggest office-supply companies, Staples and Grand & Toy, citing concerns over a stranglehold on the $500-million-a-year market for corporate purchases of pencils, highlighters, sticky notes and paper.

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Office Depot Rejects Staples' $2.1 Billion Offer to Buy It: WSJ