Seeking Alpha

Office supply chains Office Depot (ODP) and OfficeMax (OMX) are racing higher in premarket...

Office supply chains Office Depot (ODP) and OfficeMax (OMX) are racing higher in premarket trading, up 7.1% and 6.9% respectively, after both companies managed to control costs enough to beat estimates in Q3. The underlying current that a OMX-ODP merger makes sense is still in play despite the efforts of OfficeMax to erect a takeover defense. Staples (SPLS) isn't missing out on the fun altogether, adding 2.2% premarket after landing what could end up becoming an interesting deal with Amazon.
From other sites
Comments (3)
  • Tom Walker
    , contributor
    Comments (33) | Send Message
    Staples move with Amazon is innovative and similar two great companies, Apple and Amazon, who compete and cooperate--Apple features Kindle and their titles on their devices and Amazon's audible division runs the iTunes audiobook store.
    6 Nov 2012, 10:18 AM Reply Like
  • jcusackjr
    , contributor
    Comment (1) | Send Message
    How is OfficeMax erecting a take over defense?
    6 Nov 2012, 10:18 AM Reply Like
  • Chelmsford
    , contributor
    Comments (6) | Send Message
    15 years with staples great compa ny and extremely good benefits and easy internal systems that alow employees easy access to day to day functio ns
    6 Nov 2012, 02:04 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs