According to the Associated Press, federal antitrust regulators approved private equity firm Elevation Partners LP’s $325 million purchase of a 25 percent stake in smart-phone manufacturer Palm Inc., without imposing any conditions.

The Federal Trade Commission included Elevation’s Palm deal on a list of transactions Thursday that received an “early termination” of their antitrust review. Early termination refers to completion of a review before the end of a 30-day waiting period specified under antitrust law.

Palm shares rose 7 cents to $16.65 on the news.

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