Are Allied Office Supplies contracts still valid, being that Office Depot just bought them out?
jbb0477 asked:
Basically I’m wondering if pricing guidlines and contract that existed with Allied are being transferred to Office Depot, or would customers need to go under a new contract with Office Depot?
This entry was posted
on Tuesday, March 17th, 2009 at 12:00 am and is filed under Corporations.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Basically I’m wondering if pricing guidlines and contract that existed with Allied are being transferred to Office Depot, or would customers need to go under a new contract with Office Depot?
March 18th, 2009 at 11:41 pm
Yes, when one company buys another it also purchases liabilities and debts as well.
March 21st, 2009 at 1:01 pm
Yes, Office Depot is responsible for all of the debts and liabilities of Allied Office Supplies. In a merger, the acquiring company assumes all of the operations of the acquired company. Just imagine if the opposite were true. Then would it be OK for Office Depot not pay for the leases that Allied had entered into? So if you have a contract with the former AOS then OD has to pay you.
March 24th, 2009 at 6:59 am
Check with Office Depot