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Office Depot agrees to buy OfficeMax in stock deal

By The Associated Press

This article was originally published February 20, 2013 at 8:26 a.m. Updated February 20, 2013 at 11:00 a.m.

— Office Depot and OfficeMax are being collated.

The retailers said Wednesday that they have agreed to combine in an all-stock deal worth about $1.2 billion that would transform the office-supply retail sector, helping the No. 2 and No. 3 chains compete against Staples.

The deal still has to go through shareholder and regulatory approvals.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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Marks says... February 20, 2013 at 9:05 a.m.

It has not been widely reported yet, but the new name of the combined company's will be OFFICE MAXPOT.

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