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FEB 19, 2013 - MarketWatch

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Office Depot, OfficeMax, Staples surge

NEW YORK (MarketWatch) -- Office Depot Inc. and OfficeMax Inc. as well as their larger rival, Staples Inc. , all surged on Tuesday after the Wall Street Journal reported the No. 2 and No. 3 office-supplies chains are in talks to merge. Office Depot jumped 28%. OfficeMax was up 27%. Staples Inc. rose 14%. Best Buy Co. rose 4.3% after the electronics retailer was raised to buy from hold by Stifel, Nicolaus & Co. and to overweight from equal weight by Barclays. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more ... Read More

Tags: Office Depot, OfficeMax, Staples surge,  Best Buy Latest News