Marketplace   Menu Guide   Complete Pages      
butler eagle
Site last updated: Wednesday, December 24, 2014 Bookmark our site!
Local PennsylvaniaNationalInternationalNews Extras  
Published: February 19, 2013 print this article Print save this article Save email this article Email ENLARGE TEXT increase font decrease font

Office Depot, OfficeMax agree to merge



NEW YORK — Office Depot and OfficeMax have agreed to merge in an all-stock deal that would transform the $21.2 billion office supply retail sector.
Boca Raton, Fla.-based Office Depot and Naperville, Ill.-based OfficeMax say holders of OfficeMax shares will receive 2.69 shares of Office Depot for every OfficeMax share they own.
That’s equal to about $13.50 per share, giving the deal a total value of about $1.2 billion.
Analyst say if the deal closes it would likely benefit the largest office supply player Staples because the combined entity will likely close stores.





Back
Comments
Order Photos!
 
MORE NEWS HEADLINES
arrow 'Words can't describe it' Residents rally around family
arrow Students learn basics of coding
arrow STATE
arrow Bible gives 2 accounts in birth of Christ
 
MOST READ ARTICLES
arrow Ex-school worker charged with having sex with student
arrow Family rescues man pinned by fallen tree
arrow Police need help in identifying dead woman
arrow Firefighters quickly put out fire in city