Go Symbol Lookup
Loading...

>> View AllResults for ""

 Enter multiple symbolsseparated by commas

 London quotes now available

Business News

Office Depot to buy OfficeMax in all-stock deal

 Text Size  
Published: Wednesday, 20 Feb 2013 | 7:44 AM ET

Feb 20 (Reuters) - Office Depot Inc said on Wednesday it had reached a definitive deal to buy smaller rival OfficeMax Inc in a bid to get more clout with suppliers and better compete against rival Staples Inc.

In the all-stock deal, Office Depot will issue 2.69 new shares of common stock for each outstanding common share of OfficeMax.

 Print
Feb 20- Office Depot Inc said on Wednesday it had reached a definitive deal to buy smaller rival OfficeMax Inc in a bid to get more clout with suppliers and better compete against rival Staples Inc..

Related

  Price   Change %Change
ODP ---
OMX ---
SPLS ---

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters
Preview Comment

CNBC welcomes your contribution. Please respect our community and the integrity of its participants. CNBC reserves the right to moderate and approve your comment.

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments:


                
            

                Edit Comment
            

            

                Submit Comment