I would never have agreed to a merger of equals. I feel that Office Depot and Office Max should be bought out by a PE firm. This is not fair to the investors of both Comanies. I can not understand how this position continues to go down. Management needs to be on the road pounding their chest about the synergies that this transition will realize. They need to come out with an update, annouce CEO.........do something and not sit with their head up their #$%$ I am so #$%$ off with this Company.
So I took the time to review all of the information of the on the deal. Based in the fact htat OMX will declare a dividend of $1.50 the stock should be trading at 11.61 a share. Why would ODP agree to this deal? ODP's revenue is almost 2 times that of OMX. This deal was to screw the shareholder. PE should have just purchased both Companies and merged the 2.