Office Depot, OfficeMax to merge in $1.17 billion deal

02/20/2013 | Bloomberg · Wall Street Journal, The

Office Depot will acquire OfficeMax in a $1.17 billion all-stock transaction to give both players more clout to compete against Staples and online competitors including Amazon. The Federal Trade Commission blocked a similar deal between Staples and Office Depot in 1997, but the office supply arena has seen a number of new competitors since then.

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Bloomberg · Wall Street Journal, The

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