Office Depot Completes Acquisition Of OfficeMax

(RTTNews) - 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.