OfficeMax, Office Depot Discuss Merger
NEW YORK CITY-Office supply giants OfficeMax and Office Depot are in advanced discussions to merge the two companies. The merger deal is said to be a stock-for-stock transaction, reports the Wall Street Journal. Office Depot, based in Boca Raton, FL and OfficeMax, which is headquartered in Naperville, IL, have each suffered from falling sales due to the struggling economy and increased online competition. …
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Despite the reports in the press about dysfunction at the White House, and other reports that various major legislation is hung up in Congress, don’t…