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Stock Futures Slide as FTC Blocks Staples-Office Depot Deal

Stock futures were slightly lower on Wednesday, pulling back after a rally a day earlier, as the failed merger between Staples (SPLS - Get Report) and Office Depot (ODP - Get Report) dominated business headlines.

S&P 500 futures were down 0.2%, Dow Jones Industrial Average futures fell 0.26%, and Nasdaq futures slid 0.2%.

Staples and Office Depot were both under pressure on Wednesday morning after a federal judge blocked the planned $6.3 billion merger between the two office-stationery companies. The Federal Trade Commission found that there was "reasonable probability that the proposed merger will substantially impair competition." Staples...


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