While you were sleeping Office supplies value

Tue, 19 Feb 2013

By Margreet Dietz Feb 20 (BusinessDesk) - Wall Street gained as reports of merger talks between Office Depot and OfficeMax indicated that there is plenty of value left even as benchmark equity indexes approach record highs. Shares of Office Depot and OfficeMax jumped, last up 10.5 percent and 20.4 percent respectively, on reports the two office supply retailers were in advanced talks to merge. Shares of Staples also gained, last up 9.6 percent. The talks come hot on the heels of other deals such as the US$23-billion agreement by Berkshire H...

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