OfficeMax Inc., the third-biggest U.S. office-supplies retailer, may be a buyout target for rivals Staples Inc. or Office Depot Inc. in an industry "that only needs two large players," a Credit Suisse analyst said.The office-supply sector may follow supermarkets and department stores in consolidating as revenue growth slows, Gary Balter, a Credit Suisse analyst, said today in a research note.
OfficeMax last week reported first-quarter profit that trailed analysts' estimates as sales in its stores fell for the fifth straight quarter. The company's profit margins trail those of the larger Staples and Office Depot.
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