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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
Updated on

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.