OfficeMax, Office Depot to Merge?

Uncategorized

0  Updated at 4:46 am, February 19th, 2013 By: ABC Digital
Share This Story

Andrew Harrer/Bloomberg via Getty Images(NEW YORK) — Office supply chains OfficeMax and Office Depot may soon become one, reports the Wall Street Journal.

People familiar with the matter tell the newspaper that both retailers are in “advanced talks to merge” and could make an announcement as early as this week.

While specific details have not yet been revealed, sources say the deal, which could still fall through, is expected to be stock-for-stock.

Spokespersons for both companies told the Journal they “don’t comment on rumors or speculation.”

Copyright 2013 ABC News Radio

Stories You May Be Interested In:

Local processing plant suffers $100,000 in damages

21 Feb 2017

Natalia Hepworth, EastIdahoNews.com

Facebook is coming to a TV near you

14 Feb 2017

Seth Fiegerman, CNN

Good Question: Could you get paid to become a drug informant?

22 Feb 2017

Robert Patten, EastIdahoNews.com