BOCA RATON, FL (BocaNewsNow.com) — The Wall Street Journal is reporting that Boca Raton-based Office Depot (NYSE: ODP) is in “advanced” merger discussions with competitor Office Max.
The report suggests no decision has been made concerning the new headquarters of a combined company, or the fate of Office Depot's Boca Raton-based corporate employees.
According to the Wall Street Journal:
Office Depot, based in Boca Raton, Fla., has 1,675 stores world-wide, annual sales of some $11.5 billion and about 39,000 employees. OfficeMax, based in Naperville, Ill., has about 900 stores in the U.S. and Mexico, roughly $7 billion in annual sales and approximately 29,000 employees. OfficeMax is scheduled to post its quarterly and annual results Thursday.
Neither Office Depot nor Office Max is commenting on the report.
Markets are closed today for the President's Day holiday.
BocaNewsNow.com is the leading site for news and information based in Boca Raton, Florida. We have surpassed 2.5-million page views.
We remind readers that an arrest is an accusation. Guilt or innocence is determined in a court of law. Please email us at news(at)bocanewsnow.com if the facts of a news story involving you have changed. This is not a mugshot website. While under no obligation to do so, we will effort to update arrest reports when provided with official information by the arrestee.
Note that ip addresses are logged and may be shared with law enforcement in unique situations.
For advertising information or to submit news tips, please email news(at)BocaNewsNow.com. BocaNewsNow(TM) is a Trademark of MetroDesk Media, LLC. The name may not be used without written permission.