(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.”
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Madison Park, Keith Allen and Andreas Preuss, CNN