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$SPLS and $ODP said they would sell more than $550MM in their large corporate contract business and related assets to Illinois-based office supplier $ESND. Essendant will pay Staples approx. $22.5MM. "We're pleased to reach this agreement with Essendant as we continue to work to complete the acquisition of Office Depot," said $SPLS CEO Ron Sargent.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.