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OfficeMax Incorporated Message Board

  • cdanajackson cdanajackson Feb 20, 2013 10:57 AM Flag

    Why the low buyout price?

    When you calculate OfficeMax's enterprise value, done by using the company's current market capitalization, the long and short term debt on its balance sheet, the current cash and cash equivalents on its balance sheet, as well as its current number of shares outstanding, this figure comes to about $19.21 a share.

    Why is Office Depot only offering about $13.50 a share, based on it's yesterday closing price of $5.02 times the 2.69 shares they are offering?

    This $13.50 doesn't even meet the MINIMUM enterprise value per share. Certainly, their offer is an extremely low ball figure.

    What gives?

    Sentiment: Hold

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