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US: Office Depot, OfficeMax deal to be decided Wednesday

By  |  July 7, 2013
US: Office Depot, OfficeMax deal to be decided Wednesday

Shareholders of Office Depot have set a date of this Wednesday to decide on a proposed merger with OfficeMax. If approved, the acquisition would result in an $18 billion conglomerate through the combination of the office supplies industry’s second- and third-place companies in the market. Experts expect the merger to meet shareholder approval. The buyout, made for $1.2 billion, is currently under scrutiny from the US Federal Trade Commission, which recently issued a second request to the companies for further information pertaining to the deal.

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