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Office Depot agrees to buy OfficeMax in stock deal

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NEW YORK (AP) — Office Depot and OfficeMax are being collated. The retailers said Wednesday they have agreed to combine in an all-stock deal worth about $1.2 billion that would transform the office-supply retail sector by helping the No. 2 and No. 3 chains compete against industry behemoth Staples. The merger marks the first move toward consolidation in an industry that is bloated with...