Staples Inc, the No. 1 U.S. office supplies retailer, agreed to purchase No. 2 Office Depot Inc in a $6.3 billion deal designed to help it better compete against Wal-Mart Stores Inc and online rivals such as Amazon.com Inc.The deal, which will likely come under close scrutiny from antitrust regulators, values Office Depot at $11.00 per share, based on Staples' closing price on Feb. 2, the last trading day prior to media reports that a deal was near.Office Depot's shares were trading at $9.93 before the opening bell on Wednesday, up about 7 percent.Staples' shares were down 1.5 percent at $18.72.
Amazon.com, Inc. (Amazon.com) is an e-commerce company. Shares of AMZN remained unchanged at $363.55. In the past year, the shares have traded as low as $284.00 and as high as $383.11. On average, 4387320 shares of AMZN exchange hands on a given day and today's volume is recorded at 628.
Office Depot, Inc. (Office Depot) is a global supplier of office products and services. Shares of ODP remained unchanged at $9.28. In the past year, the shares have traded as low as $3.84 and as high as $9.32. On average, 10959500 shares of ODP exchange hands on a given day and today's volume is recorded at 22096400.
Staples, Inc. is an office products company. The Company operates in three business segments: North American Stores & Online, North American Commercial and International Operations. Shares of SPLS remained unchanged at $19.01. In the past year, the shares have traded as low as $10.70 and as high as $19.40. On average, 13513500 shares of SPLS exchange hands on a given day and today's volume is recorded at 378669.
Wal-Mart Stores, Inc. (Walmart) operates retail and other stores in various formats, including membership clubs. Shares of WMT remained unchanged at $86.19. In the past year, the shares have traded as low as $72.27 and as high as $90.97. On average, 7505790 shares of WMT exchange hands on a given day and today's volume is recorded at 0.
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