Grand & Toy, Office Max, and Office Depot

[W. K. Lis]

In 1996 Grand & Toy was bought by Boise Office Solutions. Boise Office Solutions was renamed OfficeMax Inc.. See Wikipedia for more information on Grand & Toy.

Reuters (see this link) has announced that OfficeMax and Office Depot are in merger talks.

Office supply companies OfficeMax Inc and Office Depot Inc are in advanced talks to merge, the Wall Street Journal reported, citing people familiar with the matter.

The deal is expected to be a stock-for-stock transaction, the Wall Street Journal said on Monday, adding that the precise terms could not be learned.

The deal is not yet done, and talks could still fall apart, the Journal reported. An announcement could come as early as this week, the Journal added, citing the sources.

A spokesperson for each company could not be reached for immediate comment.

Since OfficeMax owns Grand & Toy, this means that Grand & Toy could now be a part of Office Depot!

Layoffs?