The two of the largest office-supply retailers in the U.S., Staples, Inc. (NASDAQ:SPLS) And Office Depot Inc (NASDAQ:ODP), are likely to join hands in near future as activist investor Starboard Value is increasing pressure on both the companies. The shares of both the retailers witnessed positive trading behavior after the announcement. Starboard Value announced substantial…
Staples Inc (SPLS) And Office Depot Inc (ODP) – Is A Courtship Viable?
While the investor population at large might cringe at the very suggestion, Jim Crammer is totally convinced that a merger-acquisition deal between Staples Inc (NASDAQ:SPLS) and Office Depot Inc (NYSE:ODP) could prove to be a savior for both companies. During his discourse on CNBC, Mr. Crammer not only recommended the joining of forces of the…
Staples, Inc. (SPLS) and Office Depot Inc (ODP) Share Prices Are Boosted by Potential Merger Expectations
Amidst the market expectations of potential merger between Staples, Inc. (NASDAQ:SPLS) and Office Depot Inc (NYSE:ODP), shares for both the companies witnessed a positive movement. Shares of Staples, Inc. (NASDAQ:SPLS) closed with 8.13% rise in prices whereas Official Depot Inc (NYSE:ODP) had a 6.25% upward movement in its prices. The shares picked up after a…