Staples, Office Depot tumble on report that deal may get blocked

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    • Jan 2009
    • 2432

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    Staples, Office Depot tumble on report that deal may get blocked

    Shares of Staples Inc. and Office Depot Inc. both tumbled on Tuesday, hurt by renewed concerns that the Federal Trade Commission will block the companies' merger plan. Deborah Feinstein, head of the FTC's Bureau of Competition, is opposing the deal, according to a story in the New York Post, which cited an unidentified source.


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