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Heard during the OfficeMax-Office Depot merger conference call: 1) Execs painstakingly describe...

Heard during the OfficeMax-Office Depot merger conference call: 1) Execs painstakingly describe the deal as a merger of equals - not ODP buying OMX. 2) The companies expect $350M-$450M of one-time costs tied to the transaction and expect capital investment of $200M. 3) The international operations of the two retailers are "complementary" and aren't expected to deliver significant synergies. 4) Without saying the word Amazon, execs say the merged company will improve and expand e-commerce offerings. (webcast, slides)
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