Shares in Naperville-based
OfficeMax Inc. soared 14 percent Tuesday morning on a report it is in advanced
merger talks with Office Depot Inc.
And Office Depot shares were up 25 percent after the Wall Street Journal reported the two companies were in advanced discussions, citing person familiar with the negotiations, with a deal possible as early as this week.
Currently, the deal is expected to be structured as a stock-for-stock transaction, the person said.
And Office Depot shares were up 25 percent after the Wall Street Journal reported the two companies were in advanced discussions, citing person familiar with the negotiations, with a deal possible as early as this week.
Currently, the deal is expected to be structured as a stock-for-stock transaction, the person said.
