Office Depot-OfficeMax Merger May Mean Higher Prices for Consumers
Filed under: Retail, Mergers & Acquisitions
Office Depot (ODP) and OfficeMax (OMX) are apparently “taking care of business” these days.
Shares of the two meandering office supply chains soared on Tuesday after Bloomberg reported that the two retailers are in advanced merger talks.
The combination makes sense. Office Depot and OfficeMax have been struggling lately, and joining forces would afford the combined superstore operator some economies of scale. It would also turn two fierce competitors into allies — and that makes it likely…
Office Depot-OfficeMax Merger May Mean Higher Prices for Consumers originally appeared on DailyFinance.com on 2013-02-19T13:30:00Z.
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