Naperville, Ill., and Boca Raton, Fla. — The companies anticipate merging after the market closes on Nov. 5.
Naperville, Ill., and Boca Raton, Fla. — The U.S. Federal Trade Commission (FTC) has unconditionally cleared the proposed merger of equals between OfficeMax Inc. and Office Depot Inc. The companies anticipate completing the transaction after market close on Nov. 5.
The combined company would have had combined revenue for the 12-month period ending June 29, 2013, of approximately $17 billion. In conjunction with the closing, Office Depot and OfficeMax intend to provide additional details related to the transaction and the combined company’s operations.
OfficeMax directors Joseph DePinto and William Montgoris announced Nov. 5 that they would not seek to be appointed to the new board of directors following the proposed merger. DePinto has served on the OfficeMax board since 2006, while Montgoris joined in 2007.
Naperville-based OfficeMax has more than 900 stores in the U.S. and Mexico. Office Depot, based in Boca Raton, operates more than 1,300 worldwide retail stores.
SOURCE: OfficeMax Inc.