NEW YORK (AP) - Office Depot Inc. said Wednesday it will buy OfficeMax in an all-stock deal that would transform the office-supply retail sector. Boca Raton, Fla.-based Office Depot Inc. and Naperville, Ill.-based OfficeMax said holders …
Deal Currently Values Office Depot Shares at $10.40 The deal involves $7.25 in cash and 0.2188 shares of Staples stock for each share of Office Depot stock, currently valuing Office Depot shares at $10.40 each. The Office Depot closing …
The transaction values Office Depot at $11 per share, which is based on Staples’ Monday closing stock price — the last trading day before initial reports of a buyout began to leak. The companies put the deal’s equity value at $6.3 billion.
NEW YORK - Office Depot and OfficeMax are being collated. The retailers said Wednesday they have agreed to combine in an all-stock deal worth about $1.2 billion that would transform the office-supply retail sector by helping the No. 2 and …
Office Depot's stock price plummet in after-market trading when the decision was announced. It fell about 27 percent. Staples' stock fell about 10 percent. Perhaps to soothe investors, Staples said it would continue "to return excess cash …
Office Depot Inc - ‍following transaction ... will finance acquisition with new debt and issuance of approximately 45 million shares of its common stock to THL * Office Depot Inc - Office Depot expects to refinance CompuCom ’s existing …
But the plan wasn't enough to reassure investors, who see a glum retail landscape continuing to cloud Office Depot's future. The shares closed at $3.78, down nearly 18 percent. Smith said the decline in the stock shows that the …
Office Depot noted that it will finance the acquisition with new debt and the issuance of approximately 45 million shares of its common stock to THL. Office Depot expects to refinance CompuCom's existing debt with a new term loan of …
Office Depot stores are getting in their minimal stock, while Gamestops are texting those that pre-order, reminding them to come pick up their orders. It’s not clear if Gamestop is actually selling units to customers or not or if this text was an ...
The rapidly changing tools of the workplace and the way we shop has led to another major consolidation in the retail office supply business, as Staples announced the $6 billion acquisition of rival Office Depot. The cash-and-stock deal comes …