The market agrees with you evidenced by the low price of ODP vs the potential buyout price of about $11.50.
Having said that I still believe that it will be approves but not enough to put my money where my mouth is. I do not own any ODP or SPLS at this time.
If I decide to buy it will probably be ODP before the announcement.
This deal will be approved and will happen in my opinion. If the Feds say no for the 2nd time ODP will not survive.
Once the deal is approved there will be new competition for Staples.
Amazon is going into the B to B space and WB Mason will take a much larger national footprint.
Staples will have stronger competition from Amazon than it ever had from ODP.
Because you never called the manufacturer, you will not get the replacement you seem desperate to have.
"In response to calling the manufacturer Office Max now has the higher priced mat and what I have is a cheaper mat from a different manufacturer so it would be a wasted phone call."
You refuse to call the manufacturer per your comment above. REFUSE!! They offer the warranty NOT Office Max.
Office Max sold you a chair mat with a lifetime MANUFACTURERS Warranty. Who is the manufacturer?
CALL the MANUFACTURER.
Did you actually buy a chair mat??
What is the big deal here. Call the manufacturer and you are done. What is your problem?
I have no love for OMax but they do not make the chair mats.
I sold chair mats years ago and the manufacturers do live up to their guarantees. Call them and I am sure you will get results.
Felly - As I said in the past you must be Borris.
Declining sales mean nothing to you. 12% decline for heavens sake.
Your PR is not going to keep Acco in business. Results matter.
You fired your good managers and the results are in.
We need Wally back!! He could turn things around.
Boris Elisman, president and chief executive officer, ACCO Brands should be FIRED!!
First Quarter Results - Net sales decreased 12%
Double digit decline in sales and Boris stays employed - UNBELIEVEABLE!!
Yes, consolidating retail is a goal of the deal.
The online customers that you talk about where SPLS/ODP compete against Amazon is not a significant percentage of the total business.
The enterprise or B to B portion is THE significant percentage and here Amazon is not a factor.
There will be significant margin improvement. The question is whether you believe Starboard that there will be enough savings in a combined entity to drive the price of SPLS to around $35.
IMO $35 is a bit on the high side but $25 or even $30 is doable.
But before any of this might happen the deal must be approved by the Feds and that piece is certainly not a certainty . That is the reason that ODP is trading at a significant discount to the offering SPLS price.
I am not familiar with the Bond issue but you can surely assume that the CEO is aware of your comment concerning junk rating.
Over half of the combined annual revenue of Staples/Depot will be at the B to B segment of the business not the physical retail stores that you mentioned.
What do you mean " This whole thing is going down just to enrich a few shareholders."??
All shareholders will be enriched. If you are holding the stock for the dividend and worry that it will end sell the stock.
What is your problem?
This is the stock market so investors are free to make their own decisions. Starboard will not sell into any rally. They will sell when they feel the price is right. They have alot of money invested. They took the risk so they are poised to either make a profit if if they are right or take a loss if they are wrong.
The small investor you seem to be worried about should stay away.
No question that Starboard is in for the short term - that is what they do.
But why is the investor holding the bag? The investor can get our when Starboard gets out with a big profit if it goes to $35.
If you believe Starboard SPLS should be worth about $35 per share after the purchase of ODP.If starboard is correct then Ron did not overpay.