Looks like market wants ODP to clean house with new BOD
Keep talking about new management and less about back to school shopping. Retailers have tanked this season so focus on strategy for the new bigger and better Office Max Depot.
OMX maintaining a 5-6% spread on the merger conversion price. ODP $4.50 ceiling on technicals for last 5 months after high of $5.00 in March. Should be an ODP push up to $4.80 next 2 months and make OMX $13.