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Non-Tech : Office Product Stocks - ODP/SPLS/OMX/VKNG/CEXP/OFIS/BOP
SPLS 10.250.0%Sep 28 5:00 PM EST
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To: Liatris Spicata who wrote (56)5/7/1997 1:12:00 AM
From: AL TOTH   of 297
 
LARRY--IMO the SPLS/ODP merger was a marriage of convenience for
ODP. SPLS really didnt need the merger. It is possible that
somewhere down the road VKNG would merge with a major office product
player. The reason it has validity is that BOP bought Reliable
(VKNG competitor) several years ago and it has created some great
synergies for them. They were able to eliminate Reliables warehouses
and ship out of BOP warehouses plus many other cost saving moves.
It also provides them a successful way to market the smaller
accounts. Once CEXP has their growth under control they would be
the most likely suitor.
I doubt seriously that SPLS or ODP would want to stray from retail store sales again to take on a different kind of business..

AL
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