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Staples (SPLS) Stock Slumps, Calls No Witnesses in Office Depot Trial

NEW YORK (TheStreet) -- Staples (SPLS - Get Report) stock is sliding 0.23% to $11.02 in mid-afternoon trading Tuesday after concluding its defense against the FTC without calling any witnesses.

Staples claimed that the agency "failed utterly" to support its allegations that the company's proposed $6.3 billion takeover of rival office supplies company Office Depot (ODP) would harm competition, the New York Post reports.

Last week, the judge overseeing the lawsuit said he would consider a motion from Staples to dismiss the...


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