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OfficeMax shareholder says would support Office Depot merger
February 18, 2013 / 10:22 PM / 5 years ago

OfficeMax shareholder says would support Office Depot merger

NEW YORK (Reuters) - One of OfficeMax Inc’s OMX.N top shareholders, Neuberger Berman, said it would support a merger with Office Depot Inc ODP.N 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

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