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US: Shareholders vote on Office Depot, OfficeMax deal

By  |  July 11, 2013
US: Shareholders vote on Office Depot, OfficeMax deal

Office Depot shareholders voted ‘yes’ to a proposed merger with rival office supplies company OfficeMax; reports say the vote was a formality and the positive outcome was expected. Shareholders voted 98 percent in favor of the merger, which would result in a company worth $18 billion, though the Federal Trade Commission has yet to approve of the deal. Reports say the shareholder meeting lasted a mere 15 minutes.

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