Office Depot to acquire Viking but brands will remain separate in $3 billion deal
Article Abstract:
Office Depot Inc. is set to acquire mail-order office supply company Viking Office Products Inc. in a stock deal valued to $3 billion. Under the deal, Viking will become a wholly-owned subsidiary of Office Depot and will retain its headquarters in Torrance, CA. The two brands, however, will remain separate. The merger is expected to generate $35 million in 1999 savings as well as boost both firm's ability to meet customer demands in different mediums. Office Depot chairman and CEO David Fuente will become chairman and CEO of the combined firm. Viking president and chief operating officer Bruce Nelson will be CEO and president of Viking and become part of the new company's board.
Publication Name: DM News
Subject: Construction and materials industries
ISSN: 0194-3588
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Stamps.com acquires E-Stamp name, patents
Article Abstract:
Stamps.com, an online postage vendor, has purchased a set of patents and other intellectual property rights from E-Stamp Corp, including the E- Stamp name and the E-Stamp.com Internet domain. The portfolio of 31 patents and trademarks largely relates to Internet-based postage printing and management and is part of a broader strategy by Stamps.com to solidify its position in mailing and shipping services within the small-business and home-office markets.
Publication Name: DM News
Subject: Construction and materials industries
ISSN: 0194-3588
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Broadbase to acquire Aperio
Article Abstract:
Menlo Park, CA-based Broadbase Software has signed a definitive agreement to acquire Natick, MA-based Aperio. The agreement calls for the issuance 270,000 shares of Broadbase's common stock in exchange for all of Aperio's outstanding common stock and for Broadbase to assume all outstanding options to purchase Aperio's common stock. The deal is expected to close by May 2000.
Publication Name: DM News
Subject: Construction and materials industries
ISSN: 0194-3588
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: May & Speh acquires Sigma. Exchange buy puts pressure on CRM rivals
- Abstracts: Real to acquire First Class Marketing. K-Tel, GRTV Network ink show deal
- Abstracts: American Tech, Comtrad to market car kit. Michigan utilities gear up for DM as state debates deregulation
- Abstracts: Senate posted to attack sweeps methods. Daily news sweeps mess offers lesson. DMPEA gives USPS sweeping powers
- Abstracts: Reader's Digest buys stake in BrandDirect. Leo-MacManus direct units will stay separate. Lighthouse has eyes wide open