4 Merger and Acquisition Stock Stories for Investor Perusal
Office Depot (NYSE:ODP): Current price $3.95
On Wednesday, Office Depot announced that it would purchase OfficeMax Incorporated in an all-stock transaction, thorugh which shareholders of the latter will receive 2.69 common shares of the buyer. Office Depot commented, “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.”
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