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OfficeMax and Office Depot Announce Merger of Equals to Create $18 Billion Global Office Solutions Company

OfficeMax Incorporated (NYSE:OMX) and Office Depot, Inc. (NYSE:ODP) announced on 20 February 2013 the signing of a definitive merger agreement under which the companies would combine in an all-stock merger of equals transaction.

The transaction will create a stronger, more efficient global provider better able to compete in the rapidly changing office solutions industry.