Office Depot shareholders to meet July 10 to vote on merger with OfficeMax; if merger approved, Office Depot stockholders will hold 55% of outstanding stock of combined company, OfficeMax 45%
June 10, 2013
Office Depot shareholders will meet July 10 to vote on the merger between the Boca Raton-based office supply retailer and its No. 2 rival, OfficeMax, the company said Monday.
The outcome of that vote will have an impact on Office Depot's 1,700 employees at its Boca Raton headquarters. No decision has been made about where the combined headquarters for the company would be located or the chief executive.
If the merger is approved, Office Depot stockholders will hold about 55 percent and OfficeMax shareholders 45 percent of the outstanding common stock of the combined company.
The special shareholder meeting will be held at 11 a.m. July 10 at the Boca Raton Marriott at Boca Center, 5150 Town Center Circle, Boca Raton.
Naperville, Ill.-based OfficeMax is holding its special shareholder meeting the same day.
(c)2013 the Sun Sentinel (Fort Lauderdale, Fla.)
Visit the Sun Sentinel (Fort Lauderdale, Fla.) at www.sun-sentinel.com
Distributed by MCT Information Services