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Office Depot in $976 million deal to buy rival OfficeMax

from Reuters

Office Depot Inc. will acquire smaller rival OfficeMax Inc. in a $976 million all-stock deal, the companies said, confirming an agreement inadvertently announced earlier, before it was completed. The combined entity's name, headquarters and CEO are all undetermined, an unusual level of major decisions yet to be made that points to the integration challenge the companies face. more

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