Specialty Retail M&A » By The Online Investor Staff, updated Sat., Mar. 25, 1:03 PM
Recent mergers and acquisitions in the Specialty Retail M&A category.
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Slide #20. OfficeMax — Office Depot, Inc.
Acquirer:
OfficeMax (OMX)
Acquiree:
Office Depot, Inc. (ODP)
Details:
OfficeMax Incorporated (NYSE:OMX) and Office Depot, Inc. (NYSE:ODP) today announced the signing of a definitive merger agreement under which the companies would combine in an all-stock merger of equals transaction intended to qualify as a tax-free reorganization. The transaction, which was unanimously approved by the Board of Directors of both companies, will create a stronger, more efficient global provider better able to compete in the rapidly changing office solutions industry. Customers will benefit from enhanced offerings across multiple distribution channels and geographies. The combined company, which would have had pro forma combined revenue for the 12 months ended December 29, 2012 of approximately $18 billion, will also have significantly improved financial strength and flexibility, with the ability to deliver long-term operating performance and improvements through its increased scale and significant synergy opportunities.
OfficeMax is engaged in both business-to-business and retail office products distribution. Co.'s OfficeMax, Contract segment distributes office supplies and paper, technology products and solutions, office furniture and print and document services and facilities products. Co.'s OfficeMax, Retail segment is a retail distributor of office supplies and paper, print and document services, technology products and solutions, office furniture and facilities products. At Dec 29 2012, Co.'s Contract segment operated 44 office products stores in Canada, Hawaii, Australia and New Zealand; and its Retail segment operated 941 stores in the U.S., Puerto Rico, the U.S. Virgin Islands, and Mexico.
Open the OMX Page at The Online Investor »
OfficeMax is engaged in both business-to-business and retail office products distribution. Co.'s OfficeMax, Contract segment distributes office supplies and paper, technology products and solutions, office furniture and print and document services and facilities products. Co.'s OfficeMax, Retail segment is a retail distributor of office supplies and paper, print and document services, technology products and solutions, office furniture and facilities products. At Dec 29 2012, Co.'s Contract segment operated 44 office products stores in Canada, Hawaii, Australia and New Zealand; and its Retail segment operated 941 stores in the U.S., Puerto Rico, the U.S. Virgin Islands, and Mexico.
Open the ODP Page at The Online Investor »
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