FINANCE

OfficeMax Investor Urges Action

BY CSA STAFF

New York City, OfficeMax is being urged by a major shareholder to sell one or more of its units. Investment firm K Capital Partners, a 6.2% owner of OfficeMax shares, hired the Blackstone Group to explore alternatives. The firm believes the OfficeMax stock is undervalued. The retailer has suffered the resignation of its CFO and CEO in recent months and has delayed the reporting of its fourth-quarter earnings while investigating accounting improprieties.

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FINANCE

Investors Bid $5 Billion for Toys ‘R’ Us

BY CSA STAFF

Paramus, N.J., Aprivate-investment group led by Cerberus Capital Management LP has offered to buy Toys “R” Us Inc. for about $5 billion, according to today’s Wall Street Journal. Reportedly, the bid was placed last month, but garnered a cool response from Toys “R” Us.

In addition to Cerberus, the investment group includes Goldman Sachs Group Inc. and Kimco Realty Corp. Other suitors for the toy retailer reportedly include Kohlberg Kravis Roberts & Co.; a partnership between Apollo Advisors LP and Permira Advisors Ltd.; and an alliance between Bain Capital LLC and Vornado Realty Trust.

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MARKETING/SOCIAL MEDIA

Staples to Sell Office Supplies in Ahold Stores

BY CSA STAFF

Framingham, Mass., Staples and Ahold USA forged an alliance under which the office-products retailer will sell its goods in Staples-branded aisles at Ahold supermarkets.

Staples will make its debut at Ahold’s 550 Stop & Shop and Giant-Landover supermarkets in July, in time for the back-to-school selling season. The aisles will stock between 500 and 1,200 school and office supplies, a good chunk of the 7,500 items Staples stores typically carry.

The arrangement mirrors a deal under which Albertsons sells some toys in its stores through a collaboration with Toys “R” Us. Albertsons also has a similar arrangement in some markets with Staples rival Office Depot.

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