NEW YORK (AP) — Office Depot shareholders have voted overwhelmingly in preference of a company’s $6.3 billion merger by one-time opposition Staples.
The deal, announced in February, is partial of a fast converging in a bureau supply zone that has been beaten by technological changes in a workplace and by foe from Amazon.com and other online retailers.
Staples Inc. has sealed dozens of stores in preparation.
Office Depot pronounced Friday that 99.5 percent of a votes expel were in preference of a deal.
Office Depot shareholders will accept $7.25 in money and 0.2188 of a share in Staples Inc. for any share during closing.
The merger of Office Depot Inc. is approaching to tighten by a finish of this year.
Shares of Framingham, Massachusetts-based Staples rose 32 cents, or 2 percent, to $16.75 in premarket trading, while shares of Boca Raton, Florida-based Office Depot rose 26 cents, or 2.8 percent, to $9.42.
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