Report: Staples Close To Receiving FTC Approval For Office Depot Acquisition
Shares of Staples, Inc. (NASDAQ: SPLS) were trading higher by 0.18 percent early Tuesday morning after the New York Post reported the company is close to gaining FTC approval for its pending acquisition of Office Depot Inc (NASDAQ: ODP).
According to the New York Post, Staples could be "on the brink of winning its case" against the Federal Trade Commission. The publication added that the judge overseeing the FTC suit against the company said he will "entertain a motion" from Staples to dismiss the case once the company finalizes its arguments.
Office Depot's stock showed no trades early Tuesday morning, but gained more than 7 percent on Monday.
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