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Office Depot to Buy CompuCom for $1 Billion

  • Company says $1 billion CompuCom deal will kick off revival
  • For now, sales continue to tumble at the office-supply chain
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Office Depot Bets on Tech Makeover to Offset Retail Slump

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Office Depot Inc. investors are skeptical that a technology makeover can help the chain rebound from a punishing retail slump.

Shares of the retailer suffered their worst decline in two months after Office Depot delivered a grim forecast and announced plans to buy CompuCom Systems Inc. for about $1 billion, giving it a platform to sell tech services to business customers.