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Staples, Inc. Message Board

  • ametrosixual ametrosixual Feb 18, 2013 2:39 PM Flag

    OfficeMax And Office Depot In Advanced Merger Discussions Done Deal On Tuesday Says WSJ

    jolly good. we should gap higher tuesday mornin. again we all looking for $20 here to tender. bring it.

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    • so we remain best of breed in a sector under consolidation.

      "A merger would give the companies options to cut costs in terms of their store footprints and workforces. A number of the companies' stores are in the same market competing against each other. A merger could also result in better leverage with suppliers. "Consolidation would address the office supply sector's disadvantaged industry structure," Sanford C. Bernstein retail analyst Colin McGranahan wrote in a research note Friday. He added that business combinations could drive a significant improvement in the sector's economics.

      A "conservative" estimate in synergies in a hypothetical merger between Office Depot and OfficeMax would be $400 million to $500 million, and perhaps as high as $700 million, Mr. McGranahan wrote.

8.52+0.18(+2.16%)3:23 PMEDT