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Officemax Merger Essay

769 Words4 Pages

The merger is between Office Depot (ODP) acquiring OfficeMax (OMX), which is primarily about survival (Malcolm). The joint company will use the name Office Depot, Inc., meaning the company will trade under the name (ODP) on the New York Stock Exchange (News.officedepot.com). Office Depot and OfficeMax is an American office supplies retailer. This merger will make Office Depot and OfficeMax the largest office superstore in the country. This merger is a smart move for both companies to reform its financial flexibility and improves their working efficiency that will benefit their customers. It’s a smart merger between the two since they sell similar products and have common competitors. The companies hope to cut costs and increase sales …show more content…

(News.officedepot.com). The merger doesn’t look to stop the growing competitive nature. Office Depot operating cash flow has significantly increased by 870.70% to $197.00 million when compared to the same quarter last year (Fukushima). In addition, Office Depot Inc. average cash flow growth rate of 20.78% (Fukushima). Today, Office Depot Inc. stock comparing to one year ago that it is not only higher, but it has outperformed the rise in the S&P 500 …show more content…

As well as competition from online sellers led by Amazon and Staples. The similarity of merchandises and the competition online, it’s a very good conceptual transaction (Malcolm). As previously mentioned they plan to cut costs and increase sales along with closing many stores and especially nearby stores from one another that are doing poorly (Malcolm). Office Depot has a new website (www.techdepot.com) for technology purchases. It is internet base for selling computer hardware and software products (TechDepot.com). Their goal is to offer a great product, industry competitive prices, fast delivery, and good customer service all through innovative use of today’s technology (TechDepot.com). They believe that the Internet business will provide significant future growth opportunities for the

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