OfficeMax Incorporated (OMX) - NYSE
OMX is defunct.
  • Feb. 20, 2013, 11:08 AM

    Heard during the OfficeMax-Office Depot merger conference call: 1) Execs painstakingly describe the deal as a merger of equals - not ODP buying OMX. 2) The companies expect $350M-$450M of one-time costs tied to the transaction and expect capital investment of $200M. 3) The international operations of the two retailers are "complementary" and aren't expected to deliver significant synergies. 4) Without saying the word Amazon, execs say the merged company will improve and expand e-commerce offerings. (webcast, slides)

    | Feb. 20, 2013, 11:08 AM
  • Feb. 20, 2013, 9:46 AM

    Take two: The Office Depot (ODP +9.2%) deal to merge with OfficeMax (OMX +6.1%) looks to be official now with a more detailed press release out from both companies. By the third year of the merger, cost synergies of $400M to $600M a year are anticipated. Before the transaction closes, OfficeMax retains the right to pay shareholders dividends of up to $1.50 per share. A conference call at 11:00 AM EST is scheduled.

    | Feb. 20, 2013, 9:46 AM
  • Feb. 20, 2013, 9:29 AM

    Shares of OfficeMax (OMX), Office Depot (ODP), and Staples (SPLS) all retreat in premarket action after word hits that the press release covering the ODP-OMX merger was released prematurely. Reuters is reporting talks on a deal are still ongoing.

    | Feb. 20, 2013, 9:29 AM
  • Feb. 20, 2013, 9:10 AM
    Premarket gainers: NTSP +30%. NVGN +14%. JASO +9%. SINA +8%. GDOT +8%. THLD +8%. RMBS +8%. OMX +7%. ODP +7%. MDRX +6%. GALE +5%.
    Losers: HNR -41%. MM -27%. ONCY -12%. GRMN -9%. LIFE -5%.
    | Feb. 20, 2013, 9:10 AM
  • Feb. 20, 2013, 7:55 AM

    Shares of all three office supply companies are on the rise after Office Depot decides to merge with OfficeMax in an all-stock deal. The quick analyst take is that Staples may take some market share while the newlyweds get to know each other. Premarket: SPLS +3.8%, ODP +13.6%, OMX +15.4%.

    | Feb. 20, 2013, 7:55 AM
  • Feb. 20, 2013, 7:28 AM

    Office Depot (ODP) agrees to buy OfficeMax (OMX) in a deal in which the company will issue 2.69 new shares of common stock for each outstanding share of OfficeMax common stock. Representation on the board will be split 50-50. Update at 9:10: The deal was announced prematurely and the press release has been taken down from the Office Depot website. (PR)

    | Feb. 20, 2013, 7:28 AM
  • Feb. 20, 2013, 7:21 AM
    Regulators will have to consider the influence of Target and Wal-Mart as they ponder the impact of a potential merger between Office Depot (ODP) and OfficeMax (OMX) on the competitive landscape. A majority of analysts and antitrust attorneys think that the retail scene has evolved enough to allay worries an ODP-OMX merger would punish consumers.
    | Feb. 20, 2013, 7:21 AM
  • Feb. 19, 2013, 12:53 PM
    Midday top 10 gainers: NVGN +134%. PVFC +53%. CMGE +42%. TELOZ +41%. EMITF +37%. ZIPR +24%. RRGB +20%. OMX +20%. GSB +18%. LOAN +18%.
    Midday top 10 losers: MYRX -95%. CPSL -35%. GMXR -29%. DGIT -25%. SNFCA -20%. EHTH -17%. CIMT -16%. RVLT -13%. MARK -13%. PERY -12%.
    | Feb. 19, 2013, 12:53 PM
  • Feb. 19, 2013, 9:15 AM

    The deal that makes sense? Though regulators may still have something to say, investors are acting like the merger in the office supply sector is a done deal. OfficeMax (OMX) is now up 22.6% premarket, while Office Depot (ODP) is on a 31.2% tear. Retail analyst Rahul Sharma sum up the sentiment: "Consolidation = much-needed capacity cuts. Win-win for all 3 players."

    | Feb. 19, 2013, 9:15 AM | 2 Comments
  • Feb. 19, 2013, 9:10 AM
    Premarket gainers: NVGN +130%. ODP +33%. OMX +26%. SPLS +14%. CEDC +8%. UNXL +8%. PWER +6%. BBY +5%.
    Losers: HUM -10%. YNDX -8%. CI -5%.
    | Feb. 19, 2013, 9:10 AM
  • Feb. 19, 2013, 3:54 AM
    Grupo Gigante has refrained from denying speculation that it's interested in buying the 50% of Office Depot's (ODP) Mexican unit that it doesn't. Instead, Grupo Gigante says it's held discussions with financial firms to use "credit lines for financial purposes to execute its business plan and that of its subsidiaries." Meanwhile, Office Depot is reportedly in merger talks with OfficeMax (OMX).
    | Feb. 19, 2013, 3:54 AM
  • Feb. 18, 2013, 3:13 PM

    Office Depot (ODP) and OfficeMax (OMX) are in talks to merge, according to The Wall Street Journal. If a deal gets hashed out, synergies for the combination of the two office supply retailers could be as high as $700M, which is over a third of their combined market cap.

    | Feb. 18, 2013, 3:13 PM | 5 Comments
  • Feb. 12, 2013, 6:52 AM

    OfficeMax (OMX) will receive close to $129M tied to the Boise Cascade IPO. The company will sees its holdings of Series A units redeemed, but will still hold a position in another series of Boise Cascade non-voting units.

    | Feb. 12, 2013, 6:52 AM
  • Jan. 30, 2013, 7:38 AM

    Deutsche Post might sell a unit of DHL in the U.S. to a retailer interested in topping off its "last mile" delivery service. A sale could also launch a more dramatic move into same-day delivery in key markets for the buyer. Though sources aren't talking about which company is in the mix, a deal price in the $100M range could draw in AMZN, WMT, ODP, SHLD, TGT, SPLS, or OMX.

    | Jan. 30, 2013, 7:38 AM | 1 Comment
  • Jan. 22, 2013, 12:45 PM
    Credit Suisse thinks the time is ripe for the long-awaited merger between Office Depot (ODP -2.6%) and OfficeMax (OMX +0.3%) to finally occur. A combined company could create some synergistic opportunities and give Staples (SPLS +0.8%) something to think about in the sector. But is it too late to catch the wave? Shares of OfficeMax and Office Depot have already drawn investors in this year on M&A speculation, up 13% and 38% YTD respectively.
    | Jan. 22, 2013, 12:45 PM
  • Dec. 11, 2012, 7:08 AM
    OfficeMax (OMX) declares $0.02/share quarterly dividend, in line with previous. Forward yield 0.84%. For shareholders of record Feb. 15. Payable Feb. 28. Ex-div date Feb. 13. (PR)
    | Dec. 11, 2012, 7:08 AM
Company Description
OfficeMax is a leader in both business-to-business and retail office products distribution. We provide office supplies and paper, print and document services, technology products and solutions and office furniture to large, medium and small businesses, government offices and consumers. OfficeMax... More
Sector: Services
Industry: Specialty Retail, Other
Country: United States