A bomb was dropped in the retail industry this week. The U.S. District Court for the District of Columbia ruled to grant the Federal Trade Commission’s request to block the merger agreement between office supply superstores Staples and Office Depot. The decision took a heavy toll on the shares of these two companies, as both were sold off sharply on Wednesday following the ruling. And the market reaction was understandable, for it was an antitrust decision that is seemingly based on a market reality from many years ago that effectively clears the way for the emerging online fox to run free in the office supply chicken coop.
Please click on the link to read more of my article on Seeking Alpha.