Office Depot shareholders approve sale to Staples

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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 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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