Deals
Office Depot Plans to Report Terms of Mexico Unit Sale Next Week
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Office Depot Inc. has completed talks with Grupo Gigante SAB and next week will disclose the definitive terms for selling its Mexican business to the joint-venture partner.
The announcement of a sale assumes consent by OfficeMax Inc., and there are no assurances that a sale will occur, the Boca Raton, Florida-based company said today in a filing with the U.S. Securities and Exchange Commission. Earlier this month, Office Depot said it received agreement from Naperville, Illinois-based OfficeMax to proceed with the Gigante negotiations. Office Depot is seeking to buy OfficeMax.