Neuberger Berman LLC, one of OfficeMax Inc's top shareholders, said it would support a merger with Office Depot Inc depending on terms of the deal, according to a portfolio manager at the investment firm.Responding to media reports, Benjamin Nahum of Neuberger Berman, told Reuters in an interview that his preference would be for OfficeMax to declare a special dividend before merging with Office Depot."In our view this would facilitate a fair deal," Nahum said.Earlier on Monday, the Wall Street Journal reported that OfficeMax and Office Depot were in advanced talks to merge.
Office Depot, Inc. (Office Depot) is a global supplier of office products and services. Shares of ODP traded higher by 2.0% or $0.09/share to $4.59. In the past year, the shares have traded as low as $1.51 and as high as $4.87. On average, 5126880 shares of ODP exchange hands on a given day and today's volume is recorded at 11640883.
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