Office Depot's stock climbs 5.6% after trading resumes

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    • Jan 2009
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    Office Depot's stock climbs 5.6% after trading resumes

    Staples Inc. agreed to buy Office Depot Inc. for $6.3 billion, taking a major step toward consolidating the retail market for pens, paper and other office supplies. Under the deal, Office Depot shareholders will swap each share for $7.25 in cash and 0.2188 Staples shares.


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