OfficeMax Media Contact Nicole Miller 630.864.6069 firstname.lastname@example.orgSOURCE OfficeMax Incorporated
TheStreet's Jim Cramer said that a merger between Staples and Office Depot would be "something to cheer for" but that the deal would likely face regulatory hurdles.
Takes $9.1 billion offer directly to target's shareholders despite prior rejection on antitrust concerns.
Retailers that compete for back-to-school dollars are now facing intense competition from Amazon and discount stores. American Eagle, Staples, Best Buy and Sears are among those losing market share.