Is Office Depot the same as OfficeMax?
On February 20, 2013, an all-stock merger between Office Depot and OfficeMax was announced. The merger was completed on November 5, creating the largest U.S. office-supplies chain. The OfficeMax name continues to serve as a brand of The ODP Corporation.
Did Office Depot get bought out?
USR Parent in November, 2021 said its non-binding $1-billion cash offer to purchase ODP's consumer business, including its Office Depot and OfficeMax retail stores business, the Company's direct channel business, and the Office Depot and OfficeMax intellectual property, including all brand names, remained in play.
Are Staples and Office Depot owned by the same company?
Staples, sold itself to the private equity firm Sycamore Partners in 2017 for $6.9 billion. Staples filed for antitrust approval to acquire Office Depot's consumer division in November in hopes of clearing the path for such a deal.
Is Office Depot same as Viking?
1998: Mergers go digital. In 1998, Office Depot merged with Viking Office Products, a public company based in The Netherlands and the world's leading direct mail marketer of office supplies – making the company the leading provider of office products and services on the planet.
Is Office Depot in financial trouble?
Based on the latest financial disclosure, Office Depot has a Probability Of Bankruptcy of 39.0%. This is 5.77% lower than that of the Consumer Cyclical sector and 45.41% higher than that of the Specialty Retail industry.
Is Staples still trying to buy Office Depot?
The parent company of Staples remains determined to acquire its chief rival. USR Parent reaffirmed its proposal to acquire the consumer business of the ODP Corp., parent of Office Depot and OfficeMax, for $1.0 billion in cash. The proposal was delivered to the company on June 4, 2021, and remains unchanged.
Why is Staples going out of business?
Staples, the world's largest office supply chain, will close 140 locations this year due to increased competition from online retailers. The company closed 80 outlets within North America in the fiscal second quarter.
Who bought Office Depot?
StaplesOn February 4, 2015, it was announced that rival Staples had agreed to purchase Office Depot, in a cash and stock deal worth approximately $6.3 billion.
Did Office Depot change their name?
The ODP Corporation replaces Office Depot, Inc. (“Office Depot”) as the public company trading on Nasdaq under the ticker symbol “ODP”.
Who owns Viking office?
RAJA GroupViking part of RAJA Group Since November 2021, we have become part of RAJA Group. Operating in 19 European countries with 3,000 employees, RAJA Group is Europe's largest packaging distributor and plays an important role in the office supplies and furniture market.
What happened to Viking Direct?
In May 2016, following a failed merger with Staples, Office Depot Inc. agreed to sell its European business, including Viking, to Aurelius Group for an undisclosed purchase price. In 2021, Aurelius sold the business to The RAJA Group.
When was Office Depot founded?
October 1986The ODP Corporation / Founded