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OfficeMax investor sues to block merger with Office Depot
ReutersBy Terry Baynes May 2 (Reuters) - A shareholder in OfficeMax Inc sued the directors of the company on Thursday, seeking to block its acquisition by larger rival Office Depot Inc, calling the proposed $1.2 billion all-stock deal "grossly inadequate"....Tags: Office Depot Inc., Shareholders
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Office Depot plans shareholder meeting on merger
Boca Raton-based Office Depot said Tuesday it will schedule a special shareholders meeting to vote on the proposed merger with rival OfficeMax "sometime this summer," according to CEO Neil Austrian. Austrian said the No. 2 office supply retailer is...Tags: Economy, Business and Finance, Mergers, Acquisitions and Takeovers, Office Depot Inc., Shareholders, Restructuring and Recapitalization
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Office Depot quarterly profit misses estimates
ReutersApril 30 (Reuters) - No. 2 U.S. office supply retailer Office Depot Inc reported a weaker-than-expected quarterly profit on Tuesday, hurt by slow sales. The results come as the retailer's board faces heat from its largest shareholder, Starboard Value LP,...Tags: Office Depot Inc.
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The day ahead in business April 29
Reports: Personal income/spending for March, 7:30 a.m.; Pending home sales for March 9 a.m.; Dallas Fed manufacturing survey for April, 9:30 a.m. Local earnings: Addus Homecare Corp., CNA Financial Corp., General Growth Properties Inc., Great Lakes...
Tags: Fiat S.p.A., Ameristar Casinos Incorporated, CNA Financial Corporation, Material Sciences Corporation, Eaton Corporation
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Local briefing
Airlines Seasonal routes resume Spirit Airlines on Thursday resumed its seasonal service from Fort Lauderdale-Hollywood International Airport to Punta Cana in the Dominican Republic. The Miramar-based low-cost carrier is offering twice-weekly non-...Tags: Festive Events, Dining and Drinking, Miramar, Carnival Cruise Lines, Office Depot Inc.
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U.S. RESEARCH ROUNDUP: Apple, Boeing, Eli Lilly, P&G
ReutersApril 25 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. companies, including Apple, Boeing and Eli Lilly, on Thursday. HIGHLIGHTS * Apple : Hilliard Lyons raises to buy from long-term buy -...Tags: Silgan Holdings Incorporated, Hatteras, SEI Investments Company, Ryland Group Incorporated, Trips and Vacations
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Office Depot activist shareholder seeks to replace board members
Activist shareholder Starboard Value LP is seeking to replace some of Office Depot's board members, claiming the Boca Raton office-supply retailer never intends to hold an annual meeting to vote in new directors. Starboard, which owns nearly 15...
Tags: Office Depot Inc., Annual and Special Corporate Meetings, Shareholders, Restructuring and Recapitalization, The Home Depot
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A Goodwill store expected to open soon in Plainfield
Plainfield will be getting its first thrift store in the coming months, according to village officials. A Goodwill outlet will open for business near the corner of Illinois Route 59 and 135th Street, just south of the Meijer store, either this spring or...
Tags: Starbucks Corp., Plainfield (Will, Illinois)
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Rosenthal: Who will lead office-supply tango?
"Dancing is not my forte," OfficeMax Chief Executive Ravi Saligram said on an analyst call with Office Depot CEO Neil Austrian to discuss the merger of the office supply retailers. "Notwithstanding this, I joined Fred Astaire Dance School, and lo and...Tags: Economy, Business and Finance, Mergers, Acquisitions and Takeovers, Amazon.com Inc., Office Depot Inc., Morningstar Incorporated
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DuPage South police blotter: April 2
The following items were taken from Downers Grove, Woodridge, Westmont and Darien police records. Downers Grove • Two people's belongings were stolen March 21 from the Downers Grove Park District Recreation Center, 4500 Belmont Road. One victim...
Tags: Crimes, Willowbrook, Westmont, Waterbury, Drug Trafficking
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Office Depot to buy OfficeMax in $1.2-billion deal
Office Depot Inc. is buying smaller rival OfficeMax Inc. in what it’s calling a “merger of equals,” creating a heftier office-supply company to challenge industry leader Staples. In the $1.2-billion all-stock deal, OfficeMax...
Tags: Amazon.com Inc., Office Depot Inc., E-Commerce Industry, Target, Walmart
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Stocks of Office Depot and OfficeMax surge on merger speculation
The stock prices of Office Depot Inc. and OfficeMax Inc. surged Tuesday on word that the companies are contemplating a merger to better compete against Staples Inc. The two office-supply chains are reportedly in talks that could result in a deal this...
Tags: Office Depot Inc., Media Industry
May 2, 2013
|Story| Reuters
May 1, 2013
|Story| South Florida Sun-Sentinel
Apr 30, 2013
|Story| Reuters
Apr 29, 2013
|Story| Chicago Tribune
Apr 29, 2013
|Story| South Florida Sun-Sentinel
Apr 25, 2013
|Story| Reuters
Apr 22, 2013
|Story| South Florida Sun-Sentinel
Apr 10, 2013
|Story| Chicago Tribune
Feb 24, 2013
|Column| Chicago Tribune
Apr 2, 2013
|Story| Chicago Tribune
Feb 20, 2013
|Story| Los Angeles Times
Feb 19, 2013
|Story| Los Angeles Times
Original site for OfficeMax Inc. topic gallery.
