... 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 supply company in the US with 2,000 brick and mortar stores compared to the 1900 stores owned by Staples. Interestingly enough, the combined sales revenue from both only accounts for about 70% of Staples reported earnings. If you jump back in time to 1997, a similar proposed merger between Office Depot and Staples was blocked by the Federal Trade Commission with a decision that was loosely based in popular anti-trust rhetoric of that time. Since the current merger isn’t completed, ...
