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Office Depot shareholders say ‘yes’
Boca Raton, Fla. — A deal that would leave the nation with one giant office-supply retailer is one step nearer to completion.
Office Depot shareholders have voted overwhelmingly in favor of the proposed $6.3 billion buyout offer from rival Staples Inc., with 99.5 % of the votes cast in favor of the merger.
Staples proposed to acquire Office Depot in February in a cash-and-stock deal. Under the deal, Office Depot shareholders will get $7.25 per share in cash and 0.2188 of a share in Staples stock for each Office Depot share held.
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Abercrombie annual meeting: Changing of the guard
New York — Less drama and fewer flipflops — those were some of the changes at Abercrombie & Fitch Co.’s annual meeting on Thursday, Columbus Business First reports. It was the first annual gathering since longtime, controversial CEO Michael Jefferies left the company. For the full story, click here.

