Office Depot Inc. agreed to buy OfficeMax Inc. for $1.17 billion in a bid to revive a retailer that’s been losing sales to online rivals and Staples Inc., the largest U.S. office-supplies chain. The shares of both companies fell, with Office Depot dropping the most since April 2010.
Express Scripts Inc.’s bid for Medco Health Solutions Inc. should be approved by U.S. antitrust regulators only if the combined company allows customers to buy specialty drugs at pharmacies that compete with their own, a lawyer for independent rivals said.
Express Scripts Inc.’s takeover of Medco Health Solutions Inc. is offering the biggest potential windfall in North America even as traders are more confident than ever the acquisition will clear U.S. regulatory hurdles.
Apple Inc. said it would refund at least $32.5 million to consumers to settle a U.S. Federal Trade Commission complaint that it billed for mobile application purchases made by children without their parents’ consent.