OfficeMax Inc (OMX.N)
23 May 2013
|Market Cap (Mil.):||$1,075.38|
|Shares Outstanding (Mil.):||87.00|
- OfficeMax Inc reported a lower-than-expected quarterly profit on Tuesday, hurt by continued weak sales of technology products and fewer shoppers visiting its stores, although it announced a special dividend of $1.50 per share.
May 3 - Newell Rubbermaid Inc : * CEO: "we expect a pretty significant liquidation of retailer inventory to
- A shareholder in OfficeMax Inc sued the directors of the company on Thursday, seeking to block its acquisition by larger rival Office Depot Inc , calling the proposed $1.2 billion all-stock deal "grossly inadequate".
April 30 - Office Depot Inc reported a weaker-than-expected quarterly profit on Tuesday and said it would hold a special meeting with investors to seek approval for its pending merger with rival OfficeMax Inc.
April 11 - Office Depot Inc said it has changed its employment agreement with Chief Executive Neil Austrian to reflect the office supply firm's recent merger with OfficeMax Inc and search for a new CEO of the combined company.
NEW YORK - Office Depot Inc and OfficeMax Inc both received a request for additional information from the Federal Trade Commission regarding their proposed merger, they said in a joint statement on Tuesday.
NEW YORK, April 9 - Office Depot Inc and OfficeMax Inc both received a request for additional information from the Federal Trade Commission regarding their proposed merger, they said in a joint statement on Tuesday.
* New board needed to improve performance, pick new CEO: Starboard
* Largest shareholder Starboard owns 14.8 pct of Office Depot
(Corrects headline and paragraphs 1 and 2 to make clear CEOs will remain in their respective roles until CEO of merged company is appointed; paragraph 4 to say companies have not decided location of merged company's headquarters)
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