BREAKING: Staples to buy Office Depot, creating office-supply giant

Staples announces that Office Depot shareholders will receive $7.25 in cash and 0.2188 of a share of Staples for each share of Office Depot stock. The deal values Office Depot at $11 per share, a 44% premium over the Feb. 2 closing price. Staples put the total value of the deal at $6.3 billion. FOR THE LATEST NEWS VISIT:   USATODAY.COM