Office Depot said Wednesday it will buy OfficeMax in an all-stock deal that would transform the office supply retail sector. Boca Raton, Fla.-based Office Depot and Naperville, Ill.-based OfficeMax said 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, based on Office Depot's $5.02 per share closing price Tuesday, giving the deal a total value of about $1.2 billion.
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Office Depot, OfficeMax Agree to Merge in All-Stock Deal
February 20, 2013
From Daily Finance
Office Depot said Wednesday it will buy OfficeMax in an all-stock deal that would transform the office supply retail sector. Boca Raton, Fla.-based Office Depot and Naperville, Ill.-based OfficeMax said 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, based on Office Depot's $5.02 per share closing price Tuesday, giving the deal a total value of about $1.2 billion.
Office Depot and OfficeMax Finally in Merger Talks
February 19, 2013
From Daily Finance
Rumors came out over the weekend that Office Depot Inc. and OfficeMax finally are considering a long-awaited and long-speculated merger. This will not be an easy merger, but it is one that will make the office supplies...
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