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February 22, 2013 at 08:20 AM EST
Office Depot and OfficeMax Surge Ahead on Merger Talks
RDInvesting Provides Stock Research on Office Depot and OfficeMax

NEW YORK, NY -- (Marketwire) -- 02/22/13 -- Shares of office retailers Office Max and Office Depot were sent soaring Tuesday after The Wall Street Journal on Monday reported that the companies were in "advanced talks to merge." The proposed merger would help the companies compete against rivals Staples Inc. and Amazon.com. Research Driven Investing examines investing opportunities in the Retail Industry and provides equity research on Office Depot Inc. (NYSE: ODP) and OfficeMax Inc. (NYSE: OMX).

Access to the full company reports can be found at:

www.RDInvesting.com/ODP

www.RDInvesting.com/OMX

According the WSJ article the merger is expected to be a "stock-for-stock" exchange, but further details are unknown at this time. The current market values of Office Depot and Office Max are approximately $1.3 billion and $933 million, respectively. The two companies combined would have roughly 2575 stores located across the U.S. and Mexico. In 1997, a potential deal between Staples and Office Depot was blocked by the U.S. Federal Trade Commission as they feared it would lower completion and increase prices.

"Consolidation would address the office supply sector's disadvantaged industry structure," Sanford C. Bernstein retail analyst Colin McGranahan wrote in a research note on Friday.

Research Driven Investing releases regular market updates on the Retail Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.RDInvesting.com and get exclusive access to our numerous stock reports and industry newsletters.

Office Depot has annual sales of approximately $11.5 billion, employs about 39,000 associates, and serves customers in 60 countries around the world. The company is scheduled to release results for the fourth quarter and full year 2012 on Tuesday, February 26th. For the third quarter of 2012 the company had sales of approximately $2.7 billion.

OfficeMax consumers and business customers are served by approximately 29,000 associates through OfficeMax.com; OfficeMaxSolutions.com and Reliable.com; more than 900 stores in the U.S. and Mexico; and direct sales and catalogs. The company released results for the fourth quarter and full year 2012 on Thursday, February 21st. Shares of Office surged over 20 percent on large volume Tuesday.

Research Driven Investing has not been compensated by any of the above-mentioned publicly traded companies. Research Driven Investing is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:

http://www.rdinvesting.com/disclaimer

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