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Office Depot agrees to buy OfficeMax in stock deal

E-business growth changes suppliers' rivalry to partnership

7:37 PM, Feb. 20, 2013
Office Depot and OfficeMax announced Wednesday that they have agreed to combine in an all-stock deal worth about $1.2billion.
Office Depot and OfficeMax announced Wednesday that they have agreed to combine in an all-stock deal worth about $1.2billion.
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The merger between Office Depot and OfficeMax is primarily about one thing: survival.

News of the merger between the two office supply companies came Wednesday as both companies reported declining sales for 2012.

Full year 2012 sales were down 7 percent from the previous year for Office Depot; OfficeMax reported full-year sales down 2.8 percent compared with 2011. ...

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