via theverge.com
Retailer Office Depot today announced plans to buy competitor OfficeMax (no, they're actually not the same company) in an all-stock deal Bloomberg estimates to be worth $1.17 billion. Both chains also sell their fair share of electronics ranging from PCs and laptops to tablets and printers. The merger, which is likely to avoid any major scrutiny from regulators, would combine the second and third largest office supply retailers in the US; both companies lag behind rival and market leader Staples. The Wall Street Journal reported discussions of a buyout Monday.
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