Specialty Retail M&A » By The Online Investor Staff, updated Sat., Mar. 25, 1:54 PM
Recent mergers and acquisitions in the Specialty Retail M&A category.
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Slide #8. Office Depot — OfficeMax
Acquirer:
Office Depot (NASDAQ:ODP)
Acquiree:
OfficeMax
Details:
Office Depot, Inc. and OfficeMax Incorporated today announced the completion of their merger of equals, creating a stronger, more competitive and more efficient global provider of office products, services and solutions. The combined company will use the name Office Depot, Inc. and will trade on the New York Stock Exchange under the symbol ODP.
The ODP is a holding company. Through its subsidiaries, Co. maintains a business-to-business distribution platform of sales and technology service personnel, online presence and retail stores. Co.'s segments are: Business Solutions Division, which provides its business customers with nationally branded and private branded office supply products and services, as well as adjacency products and services in the U.S., Puerto Rico, the U.S. Virgin Islands, and Canada through a sales force, catalogs, telesales, and its Internet websites; and Retail Division, which markets an assortment of merchandise through its chain of retail stores throughout the U.S., Puerto Rico and the U.S. Virgin Islands.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: ODP Stock Forecast Based on Zacks ABR data; powered by Xignite |
