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Staples' Acquisition Of Office Depot Is A Good Move

Staples, Inc.'s (NASDAQ:SPLS) announcement of its acquisition of Office Depot (NASDAQ:ODP) should be applauded. I think that bigger is better in an industry where there is zero barrier to entry and even less barrier to entry, almost an asking to participate, when thinking about the industry from an online perspective. With SPLS being disadvantaged, or advantaged depending on how you like to view the brick and mortar vs. online only discussion, by having a massive physical location footprint this deal makes perfect sense in that it will allow SPLS to create cost saving synergies longer term. Up front, SPLS is looking at one-time costs of near $1 billion to create longer term synergies of $1 billion, as bulleted…