Chances are, you’ve probably seen something about the pending merger of Office Max and Office Depot in the news or on TV. This is a big deal as there are two of major players in the office supply industry, and the story has made both national and international news. So exactly what is happening? Unless the latest publicly announced merger deal changes, here’s what will happen: OfficeMax shareholders will receive 2.69 shares of Office Depot stock for each OfficeMax share they own. The entire deal is based on stock and no money will change hands. At the time of this post, a new CEO and potential company name have yet to be announced. Most industry insiders feel that it’s attempt to gain ground on industry giant Staples, and online superstore Amazon, which has be gaining a foothold in the office supply industry. Once the merger is completed, the new, yet to be named entity will be the “largest” office ...
