If the print dialog box does not automatically appear, open the file menu and choose Print.
Article published February 19, 2013
Office Depot, OfficeMax agree to merge
By The Associated Press
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.