OPERATIONS

Former Wal-Mart chief named to CarCharging board

BY Katherine Boccaccio

Miami Beach, Fla. — Electric vehicle charging company Car Charging Group said Wednesday that former Wal-Mart Stores president and CEO Bill Fields has been appointed to its board of directors.

Retail veteran Fields has also led Blockbuster Entertainment Group as its chairman and CEO and also served in the same capacity at Hudson’s Bay Co.

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OPERATIONS

It’s Official: OfficeMax and Office Depot to merge

BY Marianne Wilson

New York — OfficeMax Inc. and Office Depot have formally announced an agreement under which the two companies would combine in an all-stock merger that would transform the office supply sector of retail. The merger, which creates a single company with nearly $18 billion in revenue, was unanimously approved by the board of directors of both chains.

According to the press release, holders of OfficeMax shares will receive 2.69 shares of Office Depot for every OfficeMax share they own. That is equal to about $13.50 per share, giving the deal a total value of about $1.2 billion.

The management team of the combined company is expected to draw upon leaders from both chains. The combined company’s name, marketing brands and corporate headquarters location are expected to be determined following the appointment of the CEO for the combined company.

“In the past decade, with the growth of the Internet, our industry has changed dramatically. Combining our two companies will enhance our ability to serve customers around the world, offer new opportunities for our employees, make us a more attractive partner to our vendors, and increase stockholder value,” said Neil Austrian, chairman and CEO of Office Depot.

The transaction is expected to close by the end of calendar year 2013, subject to stockholder approval from both companies, the receipt of regulatory approvals and other customary closing conditions. Some analysts, however, have said that Federal Trade Commission might not look favorably on the merger. In 1997, a lawsuit by the FTC prevented Staples from acquiring Office Depot.

“We think there is a fair amount of risk that the FTC would not look favorably on a potential merger of the number two and number three players in the office product space," said Citi Investment Research analyst Kate McShane in an Associated Press report.

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T.Shaw says:
Apr-16-2013 05:50 pm

People think that there is a fair amount of risk that the FTC would not look favorably on a prospective merger of the number two and number three parties in the office created space. www.essayleaks.com

N.Nima says:
Feb-21-2013 08:50 am

L-carnosina è di solito una proteina creare ostacolo. Il mercato rete è sicuramente la geografia che è Hermes Borse spesso spostando. Ad un anno o giù di lì per essere in grado a un altro, Towers di pertinenza di avallare apparire così come essere completamente rimosso.

N.Nima says:
Feb-21-2013 08:50 am

L-carnosina è di solito una proteina creare ostacolo. Il mercato rete è sicuramente la geografia che è Hermes Borse spesso spostando. Ad un anno o giù di lì per essere in grado a un altro, Towers di pertinenza di avallare apparire così come essere completamente rimosso.

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OPERATIONS

Stater Bros. names senior operations executive

BY Katherine Boccaccio

San Bernardino, Calif. — Stater Bros. announced Monday that it has promoted Dan Meyer to EVP retail operations, charging him with oversight of retail operations for all 167 Stater Bros. supermarkets and the corporate training center.

A 42-year veteran of the company, Meyer most recently served as SVP retail operations.

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