Office Depot has 1,262 stores worldwide, 39,000 employees, and 2011 sales of $11.5 billion, the last full year for which it has reported results.
Office Max has 978 stores, 29,000 employees and 2011 sales of $7.1 billion.
The talks come as mergers and acquisitions have picked up.
Just last week, US Airways (Fortune 500) announced a , merger with American Airlines parent AMR (Fortune 500), Warren Buffett's , Berkshire Hathaway (Fortune 500) announced it was , buying Heinz (Fortune 500), and , Comcas (t announced a $16.7 billion deal for the 49% of ) NBC Universal that was still owned by General Electri (Fortune 500)c. ,
Both Office Depot and OfficeMax are dwarfed by Staples (Fortune 500), which operates 2,248 stores worldwide and had 2011 sales of $25 billion. Staples has also face increased competition from online retailers, such as , Amazon (Fortune 500). Staples shares were also up nearly 14% in early trading. ,
|NJ agrees to ban Tesla direct sales|
|Five predictions for the World Wide Web that were way, way, way off|
|76% of Americans are living paycheck-to-paycheck|
|Fannie Mae, Freddie Mac stock hit by proposal to close them|
|West prepares sanctions against Russia over Ukraine|
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.35%||4.32%|
|15 yr fixed||3.38%||3.33%|
|30 yr refi||4.37%||4.33%|
|15 yr refi||3.37%||3.35%|
Today's featured rates: