OfficeMax, Office Depot Merger Creates $18B Concern
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NAPERVILLE, IL—OfficeMax Inc. and Office Depot announced the signing of a definitive merger agreement under which the companies would combine in an all-stock merger of equals transaction intended to qualify as a tax-free reorganization.
The combined company, which would have had pro forma combined revenue for the 12 months ended Dec. 29, 2012, of approximately $18 billion, will also have significantly improved financial strength and flexibility, with the ability to deliver long-term operating performance and improvements through its increased scale and significant synergy opportunities.
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