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Staples to buy Office Depot
Staples has agreed to buy Office Depot for a record $6.3 Billion dollars. The deal will likely close by the end of this year.
Together, the two companies have roughly 4,000 stores and on Wednesday projected annual sales of more than $39 billion. A combination of the two likely would get a close look from antitrust regulators, who in 1997 sued successfully to block the same proposed merger, bankers and analysts have said.