Drudge Retort: The Other Side of the News
Wednesday, February 20, 2013

Office Depot said on Wednesday that it had reached a deal to buy smaller rival OfficeMax for $1.17 billion in stock to get more clout with suppliers and better compete against Staples and Amazon. OfficeMax shareholders will get 2.69 Office Depot common shares for each share they own. At Tuesday's closing prices, the deal would be valued at $1.17 billion.

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Admin's note: Participants in this discussion must follow the site's moderation policy. Personal attacks, profanity, abusive conduct and expressions of prejudice are not allowed. If you have comments about site moderation, contact the site publisher in email.

They still have stores?

#1 | Posted by rearendhat at 2013-02-20 02:03 PM | Reply | Flag:

Good, I'm always getting those two confused.

#2 | Posted by visitor_ at 2013-02-20 02:15 PM | Reply | Flag:

Visitor, you took the words right out of my mouth. There is literally one of the two retailers directly across the street from my office, and I can't tell you right now which one it is. The competitor brand is about two miles away. I guess one of them will probably close now!

#3 | Posted by cbob at 2013-02-20 02:32 PM | Reply | Flag:

They're going to be called Office Depot to the Max and Beyond.

#4 | Posted by Harry_Powell at 2013-02-20 02:36 PM | Reply | Flag:

Hate to hear this,office max had better prices. Stamples is way over priced. Office depot is fair at best.

#5 | Posted by truthteller101 at 2013-02-20 09:28 PM | Reply | Flag:

Alternate headline:

Tweedledee Buys Tweedledum

#6 | Posted by nullifidian at 2013-02-20 09:33 PM | Reply | Flag:

Marlboro buys Winston? Time buys Newsweek? Obama buys McCain?

#7 | Posted by Diablo at 2013-02-21 12:12 AM | Reply | Flag:

These consolidations and mergers typically cause lost jobs, higher prices, less competition, customer ripoffs and poorer service.

The DOJ should be forced to evaluate each deal for its tangible benefits to society, employees, shareholders, customers and if it can't provide benefits for 3 out of 4 it should be shot down. No, a big bonus for the CEO is not a tangible benefit. Tell us again, who actually benefits?

#8 | Posted by Robson at 2013-02-21 08:34 AM | Reply | Flag:

#8 | Posted by Robson

Leemmmeeee guess...

You're a liberal...

#9 | Posted by boaz at 2013-02-21 02:46 PM | Reply | Flag:

You see a problem with businesses providing a benefit to society?

Monopolies are not good for anyone except the monopolist. Businesses exist within the context of a society, which grants them privileges that private individuals who are not businesses don't get. Businesses can deduct nearly anything that costs them money. Individuals (who are not business owners) do not. According to the SBA there are 27.9 million "small" businesses. According to the Bureau of Labor Statistics, there are 134 million people in the workforce. Why should the majority grant special breaks to the minority?

Businesses can't exist without the society to protect their intellectual and physical property, enforce their contracts, maintain trade relationships with other countries, protect shipping and other international transportation (at taxpayer expense).

Society shouldn't expect anything in return for that?

#10 | Posted by WhoDaMan at 2013-02-21 04:16 PM | Reply | Flag:

If each and every average American with their families, friends, churches, charities and common interests thought with the same greed and self interest that a Repub corporatist believes a CEO should think is appropriate for business, we'd certainly have a pathetic disgusting world and "human family". All for me is not a healthy philosophy and it is even more threatening when it comes from those controlling lots of money. The Christian culture even for non-believers is about being responsible and helping others.

The corporate culture of our CEOs and bankers has lost a perspective that favors humanity, and they have become enamored with greed instead of balance and service to every aspect of their business and society.

Many such corporations have become corrupt and are not just a burden to our nation, but a threat to humankind.

#11 | Posted by Robson at 2013-02-21 06:52 PM | Reply | Flag:

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