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Stock Market & Financial Investment News

News Breaks
February 18, 2013
14:52 EDTODP, OMXOfficeMax, Office Depot in merger talks, WSJ says
In order to strengthen themselves against competition from the likes of Staples (SPLS) and Amazon (AMZN), people familiar with the matter are saying that, OfficeMax (OMX) and Office Depot(ODP) are in advanced talks to merge, says the Wall Street Journal. Reference Link
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April 8, 2014
11:41 EDTODPUnited Stationers down after Genuine Parts unit wins Office Depot contract
Shares of United Stationers (USTR) are moving lower after Office Products International, a publication for the office products industry, reported yesterday that S.P. Richards confirmed it won the first-call wholesale business for Office Depot (ODP) in the U.S. United Stationers and S.P. Richards, a unit of Genuine Parts (GPC), are both suppliers to Office Depot. Shares of United Stationers are down 4% to $38.08 in morning trading. Shares of Genuine Parts are up 1% to $85.63.

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