WASHINGTON (dpa-AFX) - Office products retailer Office Depot, Inc. (ODP) Tuesday said it completed the acquisition of OfficeMax Inc. (OMX).
The new Office Depot is expected to generated a combined revenue for the 12 months ended September 28, 2013 of about $17 billion, and now employs about 66,000 associates worldwide.
In February, Office Depot announced the deal to buy peer OfficeMax in an all-stock merger deal valued at about $1.2 billion.
The company said that for the time-being Neil Austrian, Chairman and CEO of Office Depot, and Ravi Saligram, President and CEO of OfficeMax, will serve together as co-CEOs, of the company.
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