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There's about to be one game in town when it comes to office supplies.
Staples (SPLS) announced Wednesday it intends to buy rival Office Depot (ODP) in a $6.3 billion deal, betting that the key to higher profits is operating on an even larger scale.
That's the same calculation Office Depot made not long ago, when it bought OfficeMax.
"Office Depot will make Staples bigger, and most importantly, we also believe Office Depot will make Staples better," Staples CEO Ron Sargent said on a conference call with analysts.
Read more http://money.cnn.com/2015/02/04/investing/staples-office-depot/
Staples (SPLS) announced Wednesday it intends to buy rival Office Depot (ODP) in a $6.3 billion deal, betting that the key to higher profits is operating on an even larger scale.
That's the same calculation Office Depot made not long ago, when it bought OfficeMax.
"Office Depot will make Staples bigger, and most importantly, we also believe Office Depot will make Staples better," Staples CEO Ron Sargent said on a conference call with analysts.
Read more http://money.cnn.com/2015/02/04/investing/staples-office-depot/
