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Truelies Side Hero Username: Truelies Post Number: 7313 Registered: 05-2012 Posted From: 74.237.6.152 Rating: N/A |
(Reuters) - Office Depot Inc will acquire smaller rival OfficeMax Inc in a $1.2 billion all-stock deal, the companies said on Wednesday, confirming an agreement inadvertently announced earlier in the day, before it was completed. The combined entity's name, headquarters location and CEO are all still undetermined, suggesting the companies were in a rush to get the deal confirmed after a draft accidentally went up on Office Depot's website. Office Depot Chief Executive Officer Neil Austrian and OfficeMax CEO Ravi Saligram are both candidates for the top job, the companies said in a statement. |