News Summary: Office Depot, OfficeMax to combine

Published on NewsOK Modified: February 20, 2013 at 12:42 pm •  Published: February 20, 2013
Advertisement
;

OFFICE ENGAGEMENT: Office Depot and OfficeMax, the No. 2 and No. 3 office supply chains, said Wednesday they have agreed to combine in an all-stock deal worth about $1.2 billion.

TAKING ON THE GIANT: If the deal is approved by shareholders and regulators, the companies it will create a stronger competitor to industry behemoth Staples. It reflects the changing retail landscape as "big box" stores have become outmoded and more people shop online.

WHAT'S YOUR NAME: The combined company's name, CEO and corporate headquarters have not yet been determined. The deal is expected to be complete by the end of the year.



Trending Now


AROUND THE WEB

  1. 1
    Female Yahoo Exec Sued By a Female Employee for Sexual Harassment
  2. 2
    A company wants you to experiment on Facebook — by quitting
  3. 3
    LeBron's face vandalized on Miami mural that took 2+ years to create
  4. 4
    Somewhere In Brooklyn Right Now, There Is A Pregnant Tarantula On The Loose
  5. 5
    Alek Wek On Her Journey From Refugee To Supermodel
+ show more