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Office Depot/OfficeMax Merger Official

February 21, 2013
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Office Depot and OfficeMax Wednesday announced that they will merge, confirming rumors from the day before.

According to Bloomberg News, the purchase is for $1.17 billion in stock, as the two companies combine to battle rival Staples.

An equal number of board members from both companies will join the combined company, which will search for a new CEO.



 

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