OfficeMax, Office Depot poised to merge
At the end of the business day, OfficeMax Inc. and Office Depot Inc. will become one.
The two office supply retailers will merge Tuesday, although no information yet has been given as to what will happen to the local stores. No word has been given publicly about what they will be called or if any will close.
In the Las Vegas area there are 13 Office Depot locations and 10 OfficeMax stores.
Both companies are citing improved financial strength and flexibility as the reason for the merger. The combined company would have had combined revenue of about $17 billion for the 12 months ended June 29, 2013.
