Federal judge rules against Staples, Office Depot merger

A federal judge yesterday ruled against the planned merger of rivals Staples Inc. and Office Depot Inc.

In siding with the Federal Trade Commission, U.S. District Judge Emmet Sullivan said the combination of the office supply retailers would lead to higher prices for large corporations that buy office supplies in bulk.

In response, the companies called off the $6 billion deal.

Read more from The Wall Street Journal.