Office Depot and Office Max Complete Merger

Office Depot, Inc. and OfficeMax Incorporated today announced the completion of their merger of equals, creating a stronger, more competitive and more efficient global provider of office products, services and solutions. The combined company will use the name Office Depot, Inc. and will trade on the New York Stock Exchange under the symbol ODP.

Office Depot, Inc. and OfficeMax Incorporated today announced the completion of their merger of equals, creating a stronger, more competitive and more efficient global provider of office products, services and solutions. The combined company will use the name Office Depot, Inc. and will trade on the New York Stock Exchange under the symbol ODP.

In conjunction with the closing of the transaction, Office Depot, Inc. paid $218 million to fully redeem the ODP preferred shares that were held by BC Partners. Following previous dividend and other payments to BC Partners, this represents a full realisation of the firm’s investment in Office Depot.

BC Partners has supported Office Depot’s growth and development since investing in the company in 2009, including through various operational initiatives to enhance profitability and an active role in bringing about the merger with OfficeMax, which will position the company well for the future.