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Office superstores make it official
Office Depot and OfficeMax announced the completion of their merger late Tuesday and from the looks of third quarter results released the same day the deal should prove beneficial to both companies.
Office Depot said its third quarter same store sales declined 2%, while OfficeMax said its comps dropped 2.8% in the U.S. and 2.2% in Mexico.
The combined company will use the name Office Depot, Inc. and will trade on the New York Stock Exchange under the symbol ODP.