Office Depot Announces Deal to Sell Operations in Australia and New Zealand to Platinum Equity
Although the two office-supplies companies could realize meaningful cost synergies, the combined firm would still face enormous competitive pressures, says Morningstar's Liang Feng.
The intense rivalry between the office supply retailers continues in 2007. Faced with near saturation of the mature U.S. market, the major players, Staples SPLS, Office Depot ODP, and OfficeMax OMX , are looking for ways to differentiate themselves. We believe branching out into services is the next ...
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