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Staples $500M acquisition stalled by shutdown

Staples' planned purchase of an Illinois wholesale supplier of office furniture and other goods is being stalled by the federal government shutdown.
The Framingham office retailer's target, Essendant, said last week a final approval by the Federal Trade Commission has been delayed by the government shutdown, which began Dec. 22.
Ric Phillips, Essendant's president and CEO, said he remains confident that the deal ...

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