OfficeMax Inc. and Office Depot, Inc. are making their merger official today--November 5, 2013. The two office equipment retailers delayed financial reports until after the merger is complete.
Other questions remain regarding the merger. As of the morning of Nov. 5 it had not been announced what the name of the new company would be and who would be running it.
There was also no word regarding the location of the new company's headquarters. OfficeMax corporate headquarters are in Naperville, IL; Office Depot is in Boca Raton, FL.
The two companies announced their merger agreement in February of this year. On November 1 the two companies announced that they had received U.S. Federal Trade Commission clearance for the merger. At that time they also said the merger transaction would take place on November 5 after markets closed.
Office Depot Chairman and CEO Neil Austrian said the companies have been preparing for the merger for several months.
Combined, the two companies revenues of $17 billion in the 12 months that ended June 29, 2013.
Office Depot had sales of $10.7 billion in its fiscal year 2012. Its North American Retail Division has more than 1,100 stores in the United States and Canada
OfficeMax has 900 retail stores in the United States and had 2012 sales of $6.9 billion.
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