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Government Should Allow Office Depot and Staples to Merge: Cramer

August 1, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer says he likes the idea of a merger between Staples and Office Depot. Though the government has blocked the Sysco-US Foods merger and it didn’t want a Dollar General-Family Dollar deal, Cramer doesn’t think they’ll block this one. The reason, he says, is that it’s really not a monopoly in this case. You can get office supplies from anywhere such as places like Amazon.com and Costco. Cramer says at one time it was a monopoly because these companies were the go-to places. But that’s changed. Cramer says in order for these two companies to survive and thrive they should merge.

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