Office Depot Rises on Signal That Staples Deal Remains Alive
- FTC lawyer says settlement talks on merger suit continue
- U.S. has so far rejected offers to resolve antitrust concerns
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Office Depot Inc. shares jumped 5.3 percent on renewed optimism that a takeover by Staples Inc. will survive a challenge by U.S. regulators.
Tara Reinhart, the Federal Trade Commission lawyer leading the litigation against the office-supply retailers, told a judge at an administrative hearing Monday that settlement talks with Staples are continuing, according to the agency.