Proposed Merger Between Staples And Office Depot - 972.
OfficeMax and Office Depot are two very competitive office supply stores with loyal customers all over the nation. Recently, Office Depot announced that it would be acquiring its competitor OfficeMax in a billion dollar business deal. Neither of them has done well over the last several years and so the deal only made good business sense to.
The results from the Office Supply retail industry indicated that office depot and the Office Max had experienced decline in store sales for six years. The decline experienced in 2012, was a basis for the Federal Trade Commission to deny the two companies approval for the merger in previous years. It took the intervention of the stakeholders who voted the proposal 99.5% fit (, 2015).
However, the company is seeking diversification and market share growth, with the prospect of a merger between the industry’s number 1 and 2 office supply superstores, Office Depot and Staples. The current merger process is under scrutiny from industry watchdogs, and the role of these entities relative to the competitive advantage of.
Office Depot said on May 5, 2013 that it would hold a special meeting with shareholders after the staff of the U.S. Securities and Exchange Commission finished reviewing documents relating to its merger with OfficeMax. On November 5, 2013, the merger was completed. On December 10, 2013 Office Depot, Inc. announced that it had chosen Boca Raton.
Office Depot and OfficeMax Merge to Form Office Depot, Inc. On November 5, 2013, Office Depot and OfficeMax completed their merger. By combining both companies, Office Depot, Inc., is a stronger, more efficient global provider of products, services and solutions, fully committed to setting a new standard for serving the workplace and home needs.
Merger of Equals Structure: OfficeMax and Office Depot will have equal representation and governance rights on the combined company’s Board of Directors and equal input on key decisions. With an all-stock merger, OfficeMax and Office Depot stockholders will benefit proportionately from the synergies achieved as a combined company.
Statement of the Federal Trade Commission Concerning the Proposed Merger of Office Depot, Inc. and OfficeMax, Inc. FTC File No. 131-0104 November 1, 2013 The Commission has unanimously decided to close its seven-month investigation of Office Depot, Inc.’s proposed merger with OfficeMax, Inc., a transaction that aims to combine.
In this regard, the FTC's 2013 decision to permit Office Depot and OfficeMax to merge has gotten a lot of attention. Whereas the FTC had blocked a proposed Staples-Office Depot merger in 1997, it.
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A lot has been written this past week about the pending merger between Office Depot and OfficeMax. I’ve given my fair share of quotes, but now I’m taking the opportunity to present my full point of view. It’s way too easy to talk about the competitive landscape. Yes, you can buy office supplies at warehouse clubs, mass merchants and (here.
A federal judge on Tuesday blocked the planned merger of office-supply rivals Staples Inc. and Office Depot Inc. because of antitrust concerns, a ruling that likely would sink the deal.
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Depot (ODP), which, along with OfficeMax (OMX), comprised the office supply superstore (OSS) product market that the FTC successfully alleged in that case (Ashen-felter et al. 2006). In 2013, the proposed merger of ODP and OMX would again combine two of the largest office supply retail chains and two of the largest suppliers of office products to.
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Federal Trade Commission v. Staples, Inc. United States District Court for the District of Columbia 970 F. Supp. 1066 (1997) Facts. Staples, Inc. (Staples) (defendant), was the second-largest office superstore in the United States, while Office Depot, Inc. (Office Depot) (defendant) was the largest. OfficeMax, Inc., was the only other office superstore operating in the United States. All three.
Staples’ office supply prices are the lowest in the cities where all three of the national office superstores (Staples, Office Depot and OfficeMax) compete. Prices are higher in markets where the only other competitor is OfficeMax and higher in those areas of the country where Staples faces no other superstore rival. Similarly, Office Depot.