Marketplace   Menu Guide   Complete Pages      
butler eagle
Site last updated: Saturday, December 27, 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 Damage done at Moniteau
arrow All smiles with Santa
arrow Trooper finds art in crime evidence
arrow HEADLINES
 
MOST READ ARTICLES
arrow United Way of Butler County executive director resigning to run for commissioner
arrow POLICE REPORTS
arrow Police still seeking information on softball field vandalism
arrow Ex-school worker charged with having sex with student