office retail

Office Depot Agrees to Buy OfficeMax in Stock Deal

Office Depot said Wednesday it will buy OfficeMax in an all-stock deal that would transform office-supply retail sector. The companies said holders of OfficeMax shares will receive 2.69 shares of Office Depot for every OfficeMax share they own. That's equal to about $13.50 per share.

Is Amazon Hurting Staples?

It once seemed that Staples and other office supply stores were largely immune from Amazon's competition, with local advantages that the online superstore couldn't match. Now, however, Staples finds itself putting together a battle plan against Bezos & Co.