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February 20, 2013

The office retail field narrowed Wednesday, as OfficeMax and Office Depot officially announced an agreement to merge into a single company.

NAPERVILLE, Ill. and BOCA RATON, Fla. — The office retail field narrowed Wednesday, as OfficeMax and Office Depot officially announced an agreement to merge into a single company. The combined company would have had pro forma combined revenue for the 12 months ended Dec. 29, 2012 of approximately $18 billion.

Under the terms of the agreement, OfficeMax stockholders will receive 2.69 Office Depot common shares for each share of OfficeMax common stock.

August 31, 2010

Borders Group reported that second-quarter sales were $526.1 million, down 11.5% from the same period...