OfficeMax, Office Depot reported close to merger

U.S. bureau supply bondage Office Depot Inc. and Naperville-based OfficeMax Inc. are in modernized discussions for a merger, a chairman informed with a matter pronounced on Monday.

A understanding could come as shortly as this week, that chairman said, adding that a talks were ongoing and could still tumble apart.

Currently, a understanding is approaching to be structured as a stock-for-stock transaction, a chairman said.

Neither association responded to requests seeking comment.

One of OfficeMax’s tip shareholders, Neuberger Berman, pronounced it would support a partnership with Office Depot depending on terms of a deal, according to a portfolio manager during a firm.

Responding to media reports, Benjamin Nahum of Neuberger Berman, told Reuters in an talk that his welfare would be for OfficeMax to announce a special division before merging with Office Depot. “In our

Read full article: http://www.thesun.co.uk/sol/homepage/news/4800731/June-Steenkamp-demands-answers.html

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Source:
http://www.news.ezonearticle.com/2013/02/18/officemax-office-depot-reported-close-to-merger-2/