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ODP delays plans to spin off its consumer business, which includes the Office Depot and OfficeMax retail banners; delay will give the company's board time to contemplate a US$1B acquisition offer for the consumer unit from Staples

OfficeMax New Zealand installs new packaging machines at its distribution centers to minimize waste; smart box machines create custom-designed boxes to fit contents, and void-fill shredder machines recycle paperboard and remove need for plastic pillows

Staples makes US$1B offer for Office Depot, OfficeMax retail operations; Staples had proposed US$2.1 billion offer for entire parent company ODP Corp. in January, but was rejected in part over antitrust concerns

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