Jefferies Lifts PT on Staples (SPLS) to $15
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- S&P, Nasdaq muted as bond yields rise; UnitedHealth boosts Dow
- UnitedHealth (UNH) beats earnings, revenue estimates in Q1; shares up
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- Morgan Stanley (MS) earnings beat lifts stock
- Johnson & Johnson (JNJ) posts mixed results, narrows full-year guidance
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- Tesla (TSLA) Senior VP Drew Baglino Is Said To Leave The Company - Bloomberg
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- GE HealthCare (GEHC) Announces Resignation of Jan Makela, CEO of Imaging
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- Midday movers: Morgan Stanley, UnitedHealth rise; Tesla falls
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- Nike, Alpine Immune Sciences rise premarket; CarMax, Robinhood and Regeneron fall
Winners and Losers from a Potential Office Depot (ODP)/OfficeMax (OMX) Deal
February 19, 2013 2:11 PM ESTInvestors in beleaguered office supply retailers Office Depot (NYSE: ODP) and OfficeMax (NYSE: OMX) are cheering news that the two might merge in a stock-for-stock deal.
Analysts see significant potential for synergies from a deal. KeyBanc analyst Bradley Thomas estimates that a merger would yield at least $300 million in synergies, and potentially $400 million-$500 million over three years. Putting this number in perspective, the analyst notes the... More
Staples (SPLS) Surges as Office Depot/OfficeMax Close to a Deal
February 19, 2013 8:21 AM ESTStaples, Inc. (NASDAQ: SPLS) is jumping higher early Tuesday in response to reports Monday that rivals OfficeMax, Inc. (NYSE: OMX) and Office Depot (NYSE: ODP) are in advanced talks to... More
OfficeMax (OMX), Office Depot (ODP) In Advanced Merger Talks - Reports
February 18, 2013 2:15 PM ESTWith U.S. markets closed Monday for President's Day, reports from the Wall Street Journal have surfaced that office supply retailers OfficeMax, Inc. (NYSE: OMX) and Office Depot (NYSE: ODP) are in advanced talks to merge.
The... More
