Tuesday, February 19, 2013

OfficeMax shareholder says would support Office Depot merger

NEW YORK (Reuters) - One of OfficeMax Inc's top shareholders, Neuberger Berman, said it would support a merger with Office Depot Inc depending on terms of the deal, according to a portfolio manager at the firm.

Responding to media reports, Benjamin Nahum of Neuberger Berman, told Reuters in an interview that his preference would be for OfficeMax to declare a special dividend before merging with Office Depot.

"In our view this would facilitate a fair deal".

Earlier on Monday, the Wall Street Journal reported that OfficeMax and Office Depot were in advanced talks to merge.

(Reporting By Nadia Damouni; Editing by Bernard Orr)

Source: http://news.yahoo.com/officemax-shareholder-says-support-office-depot-merger-222107605--sector.html

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