Staples Drops After U.S. Moves to Challenge Office Depot Deal

  • FTC rejects office-supply deal for second time in 20 years
  • Agency says combination would hurt corporate customers

Staples-Office Depot Deal in Doubt as FTC Moves to Block

Staples Inc. fell the most in over a year after the U.S. said it would challenge the office supply chain’s proposed takeover of Office Depot Inc., the second time in 20 years that antitrust officials said the tie-up would squelch competition and should be blocked.

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