Assuming your data are on Sheet1, starting in A1, you could create a new sheet and insert the following formula in A1:
=OFFSET(Sheet1!$A$1,(ROW()-1)*3,)&" by "&OFFSET(Sheet1!$A$1,(ROW()-1)*3+1,)
Copy that formula down as far as needed. No code required.
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Cheers,
Paul Edstein
[Fmr MS MVP - Word]
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