Sunday, February 24, 2013

Office Depot in $976 million deal to buy rival OfficeMax | Reuters

The combined entity's name, headquarters and CEO are all undetermined, an unusual level of major decisions yet to be made that points to the integration challenge the companies face.

"I have seldom seen a situation where they can't decide on the name, the CEO or the corporate headquarters. Normally that's what you work out before you announce a deal," said Tom Stemberg, managing general partner of the Highland Consumer Fund and founder of office supply chain Staples.

Read more: Office Depot in $976 million deal to buy rival OfficeMax | Reuters