Office Depot Takes Over OfficeMax to Take on Staples, Amazon (Update1)

Shares of Office Depot, which has been struggling to compete with larger rival Staples, plunged 67% over the past five years prior to Tuesday trading, when reports of a deal first surfaced.

-- Written by Antoine Gara in New York

For more on M&A speculation, see Morningstar's 11 M&A stock picks for 2013.

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