"Bloomberg quoted a source said, the second-largest U.S. office supplies, Office Depot is a distributor with another peer OfficeMax merger talks to create a single office supplies distribution company to compete with Staples. The source refers to the two sides are discussing a stock swap transaction is completed, will be able to establish an annual turnover of $ 18 billion (the same), but its competitors Staples last year's turnover of 25 billion yuan. OfficeMax spokesman did not confirm the negotiations, market rumor has been circulating for some time, the company will not comment on market rumors, Office Depot spokesman also declined to comment. Poor operating performance has harmed the interests of the shareholders, the company should reduce the store size and reduce the number of products sold in September last year, held Officee Depot 13% equity Starboard Chief Executive Officer Jeffrey Smith once by letter, at the same time we have to cut expenses, a substantial reduction in advertising expenses.
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