When did OfficeMax and Office Depot merge?
On February 20, 2013, an all-stock merger between Office Depot and OfficeMax was announced. The merger was completed on November 5, creating the largest U.S. office-supplies chain.
Are OfficeMax and Office Depot the same company?
Office Depot and OfficeMax are now one company. The Office Depot merger with OfficeMax has enabled both companies to provide an even better online shopping experience and offer a wider variety of choices for office supplies, school supplies, technology and much more of their home office and office supply needs!
Who is Office Depot owned by?
The ODP Corporation
| Office Depot’s corporate headquarters in Boca Raton, Florida | |
|---|---|
| Formerly | Office Depot, Inc. (1986–2020) |
| Type | Public |
| Traded as | Nasdaq: ODP S&P 600 component |
| Industry | Specialty retail |
Did Staples and OfficeMax merge?
Retail office supplies giant Staples Friday said it plans to acquire the consumer-focused business of Office Depot, including the Office Depot and OfficeMax brand names, in a $1 billion deal that would leave Office Depot completely focused on the business-to-business market.
Does Staples Own Office Depot and OfficeMax?
Staples said Friday it had sent a letter to the board of Office Depot outlining a $1 billion offer — or $18.27 a share — for its consumer business, which includes the Office Depot chain of stores and OfficeMax. Staples, sold itself to the private equity firm Sycamore Partners in 2017 for $6.9 billion.
How many stores does Office Depot OfficeMax have?
1,378December 2017
The ODP Corporation/Number of locations
Does Grand and Toy still exist?
Grand & Toy is a Canadian B2B end-to-end supplier of office products and services, founded in 1882 by James Grand as a home-based stationery printing business….Grand & Toy.
| Formerly | OfficeMax Grand & Toy (2013–2014) |
|---|---|
| Number of employees | 1,100 |
| Parent | The ODP Corporation (1996–present) |
| Website | www.grandandtoy.com |
Is Staples still trying to buy Office Depot?
Staples isn’t giving up its quest for Office Depot. Staples said Friday it had sent a letter to the board of Office Depot outlining a $1 billion offer — or $18.27 a share — for its consumer business, which includes the Office Depot chain of stores and OfficeMax.
What did Office Depot merge with?
Staples
Why, after many failed attempts, Staples is determined to acquire Office Depot. On Friday, Staples made a fourth attempt to acquire ODP, home to the combined Office Depot and Office Max, via a billion dollar offer for the company’s consumer-facing businesses. Staples and ODP’s businesses have been declining for years.
Is Office Depot making money?
Yes, Office Depot is Making Some Money. Those revenues fell by 7.09% in 2017 which was actually an improvement over 2016 when revenues fell by 23.91%. That was good news in a very sick way, revenue losses fell off just enough to indicate the business might be viable for another four or five years.
Who owns Office Depot?
Office Depot was founded in October 1986 by F. Patrick Sher, Stephen Doughtery, and Jack Kopkin, who became the company’s chairman and chief executive officer, the president, and executive vice president respectively.
Should Staples and Office Depot merge?
The answer is no. The potential merger of Staples and Office Depot has an even more compelling argument to go forward. Since 2013, according to the research firm Euromonitor International, both companies’ market shares are falling, and office supply competition has only become more intense.
