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Staples, Inc. Message Board

  • ametrosixual ametrosixual Feb 19, 2013 9:27 AM Flag

    Staples Surges as Office Depot/OfficeMax Close to deal

    Staples (SPLS) Surges as Office Depot/OfficeMax Close to a Deal
    February 19, 2013 8:21 AM EST
    Dividend Yield: 3.8%
    Revenue Growth %: +96,551.4%

    Staples, Inc. (NASDAQ: SPLS) is jumping higher early Tuesday in response to reports Monday that rivals OfficeMax, Inc. (NYSE: OMX) and Office Depot (NYSE: ODP) are in advanced talks to merge.

    The news could put the spotlight back on Staples as a takeover target itself. In the recent past, rumors were present that private equity firm could target the company with a price tag of $20 per share mentioned. In addition, a merger of OfficeMax and Office Depot could lead to some store closings, which would benefit Staples in some locations.

    Shares of Staples last traded at $14.75, up 13.9%.

7.54-0.01(-0.13%)Oct 21 4:00 PMEDT