Who bought OfficeMax?
In 2003, OfficeMax was acquired for $1.3 billion by Boise Cascade Office Products Corporation, who later rebranded themselves OfficeMax.
Who merges with OfficeMax?
Office Depot
Office Depot announced a deal to merge with smaller rival OfficeMax in an all-stock deal worth about $1.2 billion. Details on the deal were limited. The companies said they expect to save $400 million to $600 million annually from the combination.
Did Office Depot merge with OfficeMax?
–(BUSINESS WIRE)–Office Depot, Inc. and OfficeMax Incorporated today announced the completion of their merger of equals, creating a stronger, more competitive and more efficient global provider of office products, services and solutions. The combined company will use the name Office Depot, Inc.
Is Office Depot being bought out?
In November, USR Parent Inc, the parent of Staples and a portfolio company of private equity firm Sycamore Partners, reaffirmed its earlier proposal to acquire ODP’s consumer business for $1.0 billion in cash.
Who bought out Office Depot?
Staples
The parent company of Staples remains determined to acquire its chief rival. USR Parent reaffirmed its proposal to acquire the consumer business of the ODP Corp., parent of Office Depot and OfficeMax, for $1.0 billion in cash. The proposal was delivered to the company on June 4, 2021, and remains unchanged.
Who is trying to buy Office Depot?
Office supplies retailer Staples said it has made an offer to buy ODP Corp (NASDAQ:ODP), the owner of Office Depot, for US$2.1bn in cash after a previous bid in 2016 was blocked by US regulators.
Who wants buy Office Depot?
Who will buy Office Depot?
The parent company of Staples remains determined to acquire its chief rival. USR Parent reaffirmed its proposal to acquire the consumer business of the ODP Corp., parent of Office Depot and OfficeMax, for $1.0 billion in cash. The proposal was delivered to the company on June 4, 2021, and remains unchanged.
What is Staple Center called now?
Crypto.com Arena
Staples Center, the downtown Los Angeles home to several local pro sports teams, will be renamed Crypto.com Arena. The Lakers christened the then-brand new arena by winning the NBA title in its first season.
Why are they changing Staples Center name?
In November, AEG, the owner of the iconic downtown LA venue previously called Staples Center, announced that its building would be changing its name. It revealed that it would be called Crypto.com Arena starting on Christmas Day. Like everything else in the world, the change has to do with money.
Does Staples own the Staples Center?
According to former Los Angeles Times reporter Arash Markazi, Staples, the office supplies company, originally had a 20-year contract to own the building’s naming rights. It then later agreed to a lifetime deal.
Are OfficeMax and Office Depot about to merge?
Office Depot and OfficeMax are in talks to combine in an all-stock deal that may be announced as soon as this week, a person briefed on the matter said on Monday.
Are Office Depot and OfficeMax in talks for a stock-for-stock deal?
Shares of Office Depot and OfficeMax were up significantly in early trading on Tuesday, amid reports that the two were in talks to combine in a stock-for-stock deal. Office Depot and OfficeMax are in talks to combine in an all-stock deal that may be announced as soon as this week, a person briefed on the matter said on Monday.
Could OfficeMax be a good target for a buyout?
Shares of OfficeMax climbed as much as 10 percent on Tuesday after analysts at JPMorgan Chase suggested that the office supply chain could be a good target for a buyout.