Office Depot (ODP) Stock Declines on Regulatory Concerns About Staples Merger

NEW YORK (TheStreet) -- Office Depot shares are down 2.41% to $8.89 in trading on Wednesday as investors reacted negatively to a federal judge blocking two different companies from merging.On Tuesday a federal judge blocked food distributor Sysco Corp's $3.5 billion acquisition of US Foods on grounds that the merger would reduce competition and in turn raise prices.Office Depot shareholders recently approved a $6 billion merger with Staples but the deal is still subject to regulatory approva...