Home>Topics>>Office Depot, OfficeMax CEOs to stay in place pending merger (Feb 22)
Office Depot, OfficeMax CEOs to stay in place pending merger (Feb 22)
Reuters: Business News
Mon, 25 Feb 2013
(Reuters) - Office Depot Inc , which will merge with rival OfficeMax Inc , said the chief executives of both companies would remain in their positions pending the appointment of a CEO of the merged company.
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.